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

To: Richard Russell who wrote (29147)	3/1/1998 6:28:00 PM
From: Richard Russell	Respond to of 53903

Dave, Never mind, I found it, and here is the pertinent paragraphs. Beino you missed this one. >> Suffering Parts Suppliers Watch PC Firms Cash In Makers of memory chips, meantime, face their own challenges. Thanks to a glut, dynamic random- access memory, or DRAM, chips have been selling at or near cost since late '96, says Jim Handy, analyst at Dataquest Inc. in San Jose, Calif. The market was worth about $22 billion last year, down 14.5% from '96, Handy says. And he sees no relief for some time. ''There won't be a shortage until the year 2000,'' he said. The Asian economic flu could make matters worse. Most DRAM chips are manufactured in Japan and Korea. So far, says Handy, Korean companies have gone along with prices set in Japan. But shifts in exchange rates could allow them to sell products for much less. The fortunes of U.S. manufacturers, such as Boise, Idaho-based Micron and Dallas' Texas Instruments, hang in the balance.<< Also in this addition is an article about Korea stating that over 300 business have gone bankrupt in Jan. Make 80% of all bank loan availabe for a small handfull of conglomerates including all the chipmakers. As I have posted herte before Korea as a nation made a decision some years ago that chipmaking was to become the backbone of their economoy. They are in this for the long run and will do what ever it takes to stay a major player. So don't be fooled by the static.