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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: REH who wrote (6894)	9/2/1998 11:10:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 93625

More great news (longer term) for Rambus Note the last paragraph. These guys supply 1/3 of the world's chips. And they have licensing agreements with Rambus already. Hyundai Electronics, LG Semicon to Merge, Forming Major DRAM Chips Maker Seoul, Sept. 3 (Bloomberg) -- Hyundai Electronics Industries Co. and LG Semicon Co. agreed to merge, forming one of the world's largest makers of dynamic random access memory chips, or DRAMs. The Hyundai and LG Groups will meld their semiconductor businesses as part of a government drive to help Korea's sprawling conglomerates shore up their finances, according to a spokeswoman for the Federation of Korean Industries, which represents the ''chaebol.'' ''The two groups struck a deal on the merger of LG Semicon and Hyundai Electronics,'' the spokeswoman said. The move is part of the sweeping reforms being made by corporate Korea to ride out the country's worst recession since the 1950s. Hyundai, Samsung and other big Korean conglomerates will announce plans to swap other businesses and form joint ventures at 3:00 p.m. today. Officials at LG and Hyundai didn't confirm the merger immediately. The FKI-brokered plans to consolidate industry comes in response to South Korea's worst economic slump since the 1950-3 Korean War. Korean conglomerates need to pare their operations after years of diversification and expansion left them crippled by huge debts. LG Semicon and Hyundaim together with Samsung Electronics Co. supply one third of the world's memory chip demand.