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

To: MythMan who wrote (34535)	6/8/1998 8:40:00 AM
From: Bipin Prasad	Respond to of 53903

From wsj: Samsung Electronics Plans to Halt Chip Production to Ease Global Glut Dow Jones Newswires SEOUL, South Korea -- Samsung Electronics Co. said it will temporarily halt production of all memory chips and most nonmemory chips to help ease a world-wide glut in the industry and to halt falling prices. Under the plan announced Monday, the South Korean company will stop production of chips at its plants in Kiheung and Onyang June 14-20. Samsung Electronics, the flagship unit of the country's second largest conglomerate Samsung Group, is the largest chip maker in the world with a 19% share of the global memory-chip market. "The production suspension will be the largest ever," Samsung Electronics said in a press release. "The company will continue to cut back on production until the chip supply glut has been resolved." The move follows Hyundai Electronics Industry Co.'s decision earlier in the month to halt its chip production for a week. Hyundai Electronics is South Korea's second largest chip manufacturer. South Korea's third largest semiconductor maker, LG Semicon Co., also said it is considering plans to cut back on production. "We are also reviewing plans to reduce production of chips, but we haven't decided on when and for how long the operation suspension will be," said an LG Semicon official. Together, the three South Korean companies supply 40% of the world's Dynamic Random Access Memory chips.

To: MythMan who wrote (34535)	6/8/1998 9:18:00 AM
From: Skeeter Bug	Respond to of 53903

>>"It will help them to get out from under a loss that is killing their stock price and focus on other business," said James Barlage, a senior semiconductor analyst at Salomon Smith Barney.<< txn gets out of a loss and mu... takes it. bravo. the boise geniuses are at it again ;-) >>One obstacle that Micron Technology faces is financing, analysts said. The company does not have enough cash to acquire the business, Barlage said, and would most likely consider debt financing, possibly a convertible bond offering.<< lack-a-moulah can be a fatal disease ;-) more bonds? let's see, the last conversion price was $70 something. now it will be $35 9 months later. HO HO HO HO! ;-) looks like mu is going back to the trough again. more suckers born every minute ;-) >>Both Texas Instruments and Micron Technology declined to comment on whether they were in talks. But Micron Technology, which is based in Boise, Idaho, has said lately that it wants to expand its operations. Patrick Adams, portfolio manager of the Berger 100 mutual fund, met with a Micron Technology executive on Thursday in New York who told him the company was "looking to make an acquisition." << now, let's get this straight. mu says they won't comment other than to say they are looking for acquisitions. i think this is all smoke to boost the share price. mu needs more debt and capacity at the beginning stages of this glut like another hole in their head. ;-) i wonder if kip was quoted. maybe they will "acquire" some chump company for $1 million or much less ;-) hey, that is what he said and if you assume then u are an *ss, not me ;-) btw, pete, i koiw you are smart enough not to assume ;-)