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To: Ken Muller who wrote (3698)7/24/1998 10:07:00 AM
From: DJBEINO  Read Replies (2) | Respond to of 9582
 
Hyundai Electronics Cuts DRAM Output in June, July
July 24, 1998 (TOKYO) -- Hyundai Electronics Industries Co., Ltd. shut down all DRAM microchip production lines at its Ichon plant in Korea, its stronghold of DRAM production, for eight days.
It did so to adjust a worldwide glut of DRAM microchips in the semiconductor market, Nikkei Microdevices confirmed. The shut-down will continue for eight days from July 16-25.

The company also curtailed production at Ichon for one week in June.

In addition, Samsung Electronics Co., Ltd. of Korea also stopped operations of memory-microchip production lines at its main plants for one week from July 19-25.

Hyundai will keep reducing production on the same scale, along with Samsung Electronics, until the DRAM market recovers, company officials said.

LG Semicon Co., Ltd. officials said the company will not curtail production on a large scale for the time being, because it has a small inventory.

nikkeibp.asiabiztech.com



To: Ken Muller who wrote (3698)7/24/1998 5:30:00 PM
From: Norrin Radd  Read Replies (2) | Respond to of 9582
 
Ken, You missed the boat and 100% up move in Dec.-April and are likely to miss the next up move again. I called it correctly and took advantage, it's on the record for anyone to read. You said it was doomed right before the stock doubled! You disparaged the company at the exact bottom and I think it's true again now. Time will tell who's right again.....