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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: zsteve who wrote (23754)	9/3/1998 12:01:00 AM
From: Gottfried	Respond to of 70976

zsteve, it could be that news was generalized by the market. ALL: there is a site showing [new to me] daily dollar volume. cbs.marketwatch.com DELL had the highest volume at $4,000m today. AMAT is at $161m. GM

To: zsteve who wrote (23754)	9/3/1998 2:20:00 AM
From: zsteve	Read Replies (2) \| Respond to of 70976

Some news: Hyundai Electronics, LG Semicon of Korea to Merge Hyundai Electronics Industries Co. and LG Semicon Co. agreed to merge, forming the world's largest maker 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. An LG Group spokesman confirmed the two agreed in principle to merge. Details will be settled later. Hitachi to Post 250 Bln Yen Loss; 1st Loss Since 1947 Hitachi Ltd., the largest electronics maker in Japan, said it will report a group net loss of 250 billion yen ($1.8 billion) for the year through March. The loss will be Hitachi's first since 1947, when the company was struggling from the destruction of World War II. The news comes after the company said four months ago it would post a profit of 40 billion yen. ''Our personal computer and multimedia businesses worsened much more than expected,'' the company said in a release. Shares fell as much as 7.2 percent, or 55 yen, to 705, and closed the morning session down 50 yen to 710. Hitachi, which is dependent on Japan for most of its sales, has been hurt by the country's worst recession in five decades. Sales for the year to March will likely fall 6 percent from the previous year. Japanese Stocks Fall; Hitachi Profit Warning Weighs on Market Japan's benchmark stock index fell for the first time in four days, led by electronics companies after Hitachi Ltd. said it would post its first loss since 1947. A mixed performance on Wall Street yesterday diminished hopes exporters can count on a strong U.S. economy to bolster earnings. ''Hitachi will probably serve as a warning for profits across corporate Japan,'' said Yasuo Ueki, a manager at Nikko Securities Co.'s customer products division. ''The company's ills are symbolic of what's crippling this economy.'' The Nikkei 225 stock index fell 144.95 points, or 1.01 percent, to 14,231.67. The broader Topix index of all companies listed on the first section of the Tokyo Stock Exchange dropped 4.95 points, or 0.44 percent, to 1,113.81.