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To: davesd who wrote (26338)	1/8/1998 7:53:00 PM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 53903

Dave, MU is both a floor wax and a desert topping <g> IMHO, the Lehman analyst in question is a fairly straight shooter and he'd probably be the last one to fudge the facts on price increases since Lehman downed MU to an underperform from an outperform either yesterday or the day before (i.e. he's not doing himself any favors given the timing of that call). My back of the envelope guess is that there were probably some payments due at the end of the year, certain players made and shipped as much as the could to raise cash, that depressed prices, now there's a little bit of a recovery occuring. I'm in the camp that see's the "price holiday" scenario mentioned in the CMP piece, regardless of some short-term recovery. I don't know, but it makes more sense to me than a rumor about a sudden shortage of glue/resin <g> Good trading, Tom

To: davesd who wrote (26338)	1/9/1998 9:18:00 AM
From: mike iles	Respond to of 53903

Dave, Thanks for the post ... but as much as I would like to see DRAM prices lower I don't understand how the Dataquest guy can say 55% of manufacturing costs in Korea are won sensitive. I must be missing something and I hate to agree with Appleton but in such a capital-intensive business (with most of the capital denominated in $US) I would think the won-sensitive part would be much lower ... eh? Overall though I would expect production difficulties in Korea will be temporary. DRAM manufacturing is one of their leading industries and a major source of foreign exchange. As they restructure their economy it makes sense to put it at the top of the list and things like steel at the bottom. I wonder if anyone's seen any comments out of Korea on what they're planning?? regards, Mike