Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (27082)	1/24/1998 11:10:00 AM
From: Scotsman	Read Replies (1) \| Respond to of 53903

I like the discussion on this board. I am actually more into wafers than memory, but they have similar problems. And I am considering taking a stake in MU for a long term hold. As far as fabs being built, no one in their right mind is going to build a fab here or in Europe that produces a product that has a falling price. It would be a very hard sell to the financial guys. I don't anticipate any further memory expansion coming on line any time soon, with the exception of plants that have already been built and are currently idled. Asia, I think, is going to help MU overall. Yes, they have cheap labor, and they have a lot of fabs. But the Asian countrys, with the important exception of Korea, are having not only a currency crisis, but a credit crisis. They are having a difficult time,from what I have seen on CNBC and other shows like it, in getting raw materials and other such mundain stuff. So I anticipate that several of these plants will be shutting down over the next year. Decreased supply. These plants in Asia don't feed their own country,they are exporters to the USA and Europe. There is no problem there, so demand will still be strong. Reduced supply and steady demand equal increased prices. Sure, at some point, more plants will be built. But I don't think it will be any time in 1998, and probably not until late 1999 unless prices go soaring. If that happens I won't care because MU will be soaring with them and I would be a happy camper.

To: TREND1 who wrote (27082)	1/24/1998 7:04:00 PM
From: Ted The Technician	Respond to of 53903

Micron to pressure Congress over South Korean bailout Copyright c 1998 Nando.net Copyright c 1998 Agence France-Presse SEATTLE (January 24, 1998 12:13 p.m. EST ) - Micron Technology, which has witnessed a two-year price drop on its semiconductor products, is about to pressure the U.S. government to condition the bailout of South Korea's stricken economy. Early next month, Steven Appleton, chairman of the Idaho chipmaker, will testify before the House of Representatives to raise concerns about a South Korean semiconductor industry that Micron says enjoys an unfair advantage over U.S. competitors. Appleton is set to argue that the $57 billion International Monetary Fund loan package to Seoul will prolong unfair business practices in South Korea unless industry reforms are instituted, Micron spokeswoman Julie Nash said. continued at ...http://www2.nando.net/newsroom/ntn/biz/012498/biz20_9697_noframes.html