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To: phbolton who wrote (37703)	8/21/1998 1:33:00 PM
From: JF2155	Read Replies (1) \| Respond to of 53903

Phbolton-maybe everyone is too confused on the general market too post anything. I'm covering my short on MU here but only too protect my ugly longs . Wash day JIM

To: phbolton who wrote (37703)	8/21/1998 1:37:00 PM
From: Kathleen capps	Respond to of 53903

What to say from a Bear perspective that hasn't been said 100 times before?

To: phbolton who wrote (37703)	8/21/1998 2:16:00 PM
From: Bipin Prasad	Read Replies (2) \| Respond to of 53903

techweb.com Mitsubishi To Sell Half Its Semis In-House (08/21/98; 12:23 p.m. ET) By Jack Robertson , Electronic Buyers' News U.S. chip analysts are treating lightly reports from Japan that Mitsubishi Electric's chip division would try to double the amount of integrated circuits (ICs) sold in-house to sister divisions. Mitsubishi officials in Japan reportedly said they hoped in fiscal 1999 that internal sales could reach 50 percent of total semiconductor revenue. Without a corporate mandate for greater in-house purchasing of Mitsubishi chips, the semiconductor group faces the same competitive battle that has resulted in sister original equipment manufacturer divisions traditionally buying three-quarters of their ICs from external sources. The other Mitsubishi divisions, already irked that plunging dynamic RAM (DRAM) prices have pushed corporate profits heavily in the red, are unlikely to give the chip operation any more favored treatment in their purchasing. "There are always misgivings when a company does something like that because the people selling outside the company think they can get a higher price, and the people buying inside the company want to get a lower price," said Jim Handy, director of the memory service at Dataquest, in San Jose, Calif. "What Mitsubishi will have is a lot of grumbling, but people will fall in line for the greater good of the company." He said Mitsubishi's move could cause problems for its DRAM suppliers that don't have vertically integrated operations to sell their own DRAMs to. "A company that doesn't consume DRAM but only produces it would count on a Mitsubishi for business," he said. Other companies could be affected if the other vertically integrated DRAM makers followed suit, but so far, this does not appear to be the start of a trend, he said. Mitsubishi Electric reported a $772 million net loss for the year ended March 31.