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To: Dave Gahm who wrote (3646)	7/19/1998 9:04:00 PM
From: DJBEINO	Respond to of 9582

Investors should try to differentiate between semiconductor makers and producers of semiconductor-manufacturing equipment, said Michael O'Brien, a San Francisco-based technology analyst for SoundView Financial Group. "The worst may be behind the sector for the chip guys," O'Brien said, but that isn't necessarily so for the equipment makers. Investors assume that when the semiconductors move, the equipment makers will not be far behind, but that is not necessarily true this time around, he said. Also, prices of memory chips and some other specialized semiconductors began to rise last week, he said, and that is what drove up the price of Micron and some of the other chip companies phillynews.com

To: Dave Gahm who wrote (3646)	7/19/1998 9:05:00 PM
From: DJBEINO	Respond to of 9582

Labor Protest Expected To Peak This Week The ongoing standoff between labor and the government is expected to reach its peak this week it was reported Sunday. The Federation of Korean Trade Unions (FKTU) plans to start a general strike beginning Thursday with about 500,000 union members participating. The government has been working on various countermeasures to avoid a general strike. The FKTU plans to hold a representative union leaders meeting Sunday afternoon to reaffirm its position on the general strike, unless the government stops forced restructuring measures in various industrial sectors and the arrest of union leaders. Over the weekend, the government held a series of backdoor negotiations with the FKTU and the Korean Federation of Trade Unions (KFTU) to inform them of its willingness to accept, in part, what have been demanded by the two organizations. However, the government is known to be sticking to its hard-line policy against those who mastermind illegal strikes.

To: Dave Gahm who wrote (3646)	7/19/1998 9:08:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

LG Semicon joining the crowd.... LG Semicon shut down its production line for five days, between July 1-5, in an effort to stabilize the semiconductor price. Samsung Electronics and Hyundai Electronics Industries are also planning to curtail their production of semiconductors at the end of this month. Samsung and Hyundai had halted their production of semiconductor chips for a week last month in vein effort to maintain adequate semiconductor prices. LG Semicon temporarily closed its factories in Chungju and Kumi and stopped its assembly lines between July 1-5. An official from LG Semicon said, "We have decided to suspend our production line temporarily, because, with the current price of DRAM, it is simply unprofitable." LG Semicon expects to reduce its July production volume of 64-megabit DRAM to 5 million and 16-megabit DRAM to 16 million. An industry source said, "Due to the overinvestment during the last two or three years, 64-megabit DRAMs are still oversupplied by 20-30 percent." Since the production curtailment last month, 64-megabit DRAM chips are being traded at 8-9 dollars apiece, up 0.2-0.5 dollars from the previously depreciated price. However, it is still below cost and further production cut is inevitable, the source added. Domestic semiconductor manufacturers occupy 35 percent of world DRAM market share. Comparably, Japanese chip makers account for 35 percent of the world market share while Taiwanese and US chip makers combinedly account for 25 percent of market share.