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To: phbolton who wrote (37048)	8/7/1998 10:19:00 AM
From: DavidG	Respond to of 53903

PH, Thanks for the 2 year old articles. Deja vu all over again. Replace 16mb with 64mb and you can republish the article.<g> MU now hit 36. Volume has picked up 50%. Look out. DavidG

To: phbolton who wrote (37048)	8/7/1998 10:25:00 AM
From: DavidG	Respond to of 53903

PH, MU just traded 1million shares in less than 1/2 hour. 36 is now support. MU is at 36 1/8 good point to go long. Good Luck trading DavidG

To: phbolton who wrote (37048)	8/7/1998 10:29:00 AM
From: DJBEINO	Respond to of 53903

3 Chip Makers Give Collective Leave 08/07/ 17:47 Three Korean semiconductor makers have joined the movement to reduce production, giving a collective summer leave to their workers on chip production lines. LG Semicon has decided to temporarily shut down production at its plants in Chongju, Chungchong-pukto, and Kumi, Kyongsang-pukto. Samsung Electronics will cut chip production for a week from Aug. 16, giving its third collective leave, and Hyundai Electronics Industries plans to suspend production lines for a week this month in similar manner, according to the companies. Samsung has already given collective leaves on two occasions, from June 14-20 and from July 19-25, and Hyundai also did so on two occasions, from June 4-9 and from July 16-23, to shore up chip prices by cutting production. An LG Semicon official said, ''This collective leave will cut the production of semiconductors by some 20 percent.'' Samsung announced earlier that the company was determined to further reduce production further through collective leaves, if necessary. A Hyundai official said, ''The concrete schedule on the third collective leave has yet to be decided on. But we are determined to stop the lines for a week this month, by giving a collective summer leave.'' The three Korean semiconductor makers and foreign makers have been suffering from massive production surpluses. But prices have been rising recently, depending on the item, with surplus stocks of 64M DRAMs having been drained out as a result of production cuts by the three Korean semiconductor makers, as well as Japanese makers such as NEC Corp. and Toshiba, a Samsung official said. The price of the 8Mx8 synchronous product, the leading item among 64M DRAMs, rose from $7.66-8.29 a unit on July 10 to $8.34-9.28 on July 30 and even further to $8.67-9.38 on Aug. 5. An LG official said, ''The price rise of semiconductors in the low-demand summer season has been on the rise, apparently because of the widespread disposal of stockpiles. Market prospects are bright from the end of this month through the end of November thanks to the high demand Christmas season.''

To: phbolton who wrote (37048)	8/7/1998 10:33:00 AM
From: DJBEINO	Respond to of 53903

EU Seeks Offensive Dumping Laws 08/07/17:42 European Union is seeking to impose anti-dumping laws against six Korean products - tires, PET film, electronic scales, video tapes, steel products, and D-RAM semiconductors - putting related enterprises on extreme alert. According to the Korea Trade-Investment Promotion Agency (KOTRA) yesterday, EU, at the request of relevant companies, has begun an investigation designed to determine whether, starting next month, to impose import-restrictive steps like anti-dumping duties and safeguard measures. The move is expected to deal a serious blow to Korean exporters of related goods as they sent about $3 billion worth of exports, 17.5 percent of the nation's total, into the region last year. Tire makers of the European Union, for instance, have called for anti-dumping measures against Korean products and have been conducting probes needed to file suits in this regard. The nation's electronic scale exporters, who have been subjected to a 26.7 percent anti-dumping duty since October, 1993, are expected to go under review concerning the anti-dumping charges in October of this year, since related EU industries have called for an extension of the measures. Exporters of PET films and video tapes are also likely to be subjected to anti-dumping suits from EU industries. Italy's steel maker Riva officially called on the EU Commission to take safeguard measures against Korean goods last April and the commission is poised to embark on related probes in September. The European Confederation of Iron and Steel Industry, claiming an ever increasing influx of foreign products has undermined the regional industry, also called on the commission to take similar steps. The European Electronic Components Manufacturers Association (EECMA) has also filed anti-dumping charges against D-RAM semiconductors shipped from the nation. But the EU Commission has pressed the association to scrap the charges citing lack of proof. In response, the Ministry of Foreign Affairs and Trade said, ''It has been discriminatory to take steps only against Korean exporters, excluding products from other nations like Japan, the United States and Taiwan.''