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To: John Chalker who wrote (898)1/21/1998 4:27:00 AM
From: ccryder  Read Replies (1) | Respond to of 1779
 
<<LG Semi was paying cash for its raw materials because they could not access LOCs from the bankers>>
The fix is not to keep charging ahead full steam. Bankers will no longer lend money to manufacture these chips at a loss. They have to fix their overproduction and/or pricing problem. Their use of cash at this point is in despiration because they still don't have a clue as to how to solve their problem.


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