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

To: TREND1 who wrote (29205)	3/2/1998 10:13:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

Please note the date of this article ! Micron Threatens New DRAM Dumping Case (12/22/97; 2:38 p.m. EST) By Jack Robertson , Semiconductor Business News Micron Technology is threatening to file a new DRAM dumping case against chip makers in South Korea, Taiwan, and Japan. In Boise, Idaho, a Micron spokeswoman confirmed reports by investment analysts that the company "is seriously considering" filing its third memory chip dumping suit in five years. Analysts said Micron told them in a conference call last week that all other DRAM producers have been selling below cost and many are liquidating large inventories driving down global prices precipitously. In a DRAM report issued last week, International Data Corp. of Framingham, Mass., said Micron was considering new dumping charges. "If Micron takes any legal action, we expect it will likely occur in the next month just before the Korean and Japanese suppliers close their fiscal books," IDC said. Any Micron dumping suit potentially could cause a knee-jerk reaction in some industry quarters to drive up the rock-bottom DRAM prices. However, IDC summed up what most analysts expect: After the initial impact, "market forces will begin to drive prices down again." Sources said Micron wants to back up its earlier insistence that none of the $57 billion global bailout in Korea end up financing further chip-maker DRAM expansions during the persistent massive market oversupply. Semiconductor analyst A. A. La Fountain III of Dominick & Dominick in New York said it also believes Micron would like to force Taiwan DRAM producers to curtail large capacity expansions, which the U.S. company charges are unwarranted in the global market. IDC reiterated the suspicion of many observers that Taiwan memory fabs may try to ramp up to grab market share if Japan and Korea curtail their DRAM capacity growth. A Micron dumping suit could possibly give the Taiwanese second thoughts on such expansion if they are losing money on DRAMs, some sources added. Micron told the analysts that ironically, each of the three targeted countries "would like us to file a dumping case against the others." All regions are suffering from the continued DRAM capacity buildup -- but no country is willing to cut back unless rival nations do as well. Micron has an existing 5-year-old DRAM case still pending against two Korean rivals -- Hyundai Electronics and LG Semicon. The Commerce Department is expected to make a preliminary ruling in March whether the two companies engaged in dumping during the 12-month period ending April 30, 1997. Any new Micron DRAM suit would bring in Samsung Electronics, which was dropped from the 1992 case, as well as the Japanese and possibly Taiwan suppliers. It would also cover the period up to the end of this year when the most drastic price cutting occurred. Micron in March also filed an SRAM dumping suit against 20 Taiwan producers and foundries and the three top Korean chip companies. Micron, however, has been scaling back its own SRAM output. By contrast, the U.S. memory chip has shot up to become one of the largest global DRAM companies, and said it is one of the firm producers making any profit. All CMP Publications TechInvestor

To: TREND1 who wrote (29205)	3/3/1998 4:17:00 PM
From: Knighty Tin	Respond to of 53903

Larry, I haven't seen any, though, as technical crapola, it is out of my area of interest. My feelings on stuff like that is that you can always get the result you want by manipulating the start and stop dates and your definition of what makes a spectatacular move. Same as the Summer rallies and Summer crashes. Tell me which you want to prove is the rule and I'll pick the dates to prove it. None of the crashes I remember ever took place during those five days. I don't know about major moves up. MB