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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew N. Cothran who wrote (18144)	6/18/1998 3:14:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 25960

:))) Now, if we could just get the world on the same course. What do you make of this? Think it'll impact CYMI? <<< DOW JONES 90-DAY NEWS/RETRIEVAL Int'l News & Research Services Sequence Number : 3256 Story Date : 98/06/18 1 13:50 T Kobe Steel Picks Micron Tech. For Chip Deal >KBSTY TXN MU TOKYO (Nikkei)--Kobe Steel Ltd. (KBSTY) will dissolve its joint venture with Texas Instruments Inc. (TXN) to start 64M DRAM chip manufacturing with Micron Technology Inc. (MU) of the U.S., The Nihon Keizai Shimbun reported in its Friday morning edition. With the cooperation of the Japanese company, Micron, the largest U.S. memory chip maker, is set to have the world's largest monthly output capacity of 30 million chips in 1999. The Kobe, Japan-based company set up the joint venture with Texas Instruments in 1990 to make DRAM chips. But the venture, KTI Semiconductor Ltd., plunged into the red as a result of the slump in the memory chip market since 1996. Under the agreement between Micron, TI and Kobe Steel, Micron is set to take over the Dallas-based company's 25% stake in KTI as early as August. KTI is likely to start making 64M DRAMs from spring 1999 by utilizing the new partner's cost competitive production technology. KTI has already spent Y60 billion on DRAM manufacturing facilities and will invest a further Y20 billion. (END) DOW JONES NEWS 06-18-98 01:50 PM>>>>