Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: charles j. aaron who wrote (3904)	9/4/1998 10:25:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Fujitsu To Close UK DRAM Plant Immediately 09/04/98 TOKYO, JAPAN, 1998 SEP 4 (NB) -- By Martyn Williams, Newsbytes. Fujitsu, Ltd. [TOKYO:6702], has announced plans to close its DRAM (dynamic random access memory) plant in Newton Aycliffe, north-east England as of today. The closure of the factory, which employs 570 people, is in reaction to a collapse in the DRAM chip market. "The decision to close the Durham Plant is a painful one, and we do so soberly and with sincere concern for those who will be affected," said Takamitsu Tsuchimoto, executive vice president and head of Fujitsu's electronic devices group. "Production at the plant will end today," a spokesman told Newsbytes. "It will close in December and a small staff will be employed to maintain the plant until the end of February." Fujitsu says it will begin looking buyer or partner for the facility. Closure of the plant signals Fujitsu's exit from the 4 megabit and 16 megabit DRAM market, where prices have collapsed as oversupply and a fall in demand hit the market. It will also scale back 16 megabit DRAM production at its plant in Japan, concentrating on production of 64 megabit DRAM chips in Japan and Oregon, U.S.A. The news comes at a time when Japanese DRAM manufacturers are scaling back overseas production because of the bad market conditions. Earlier this week, Hitachi announced plans to idle its Texas DRAM factory, with the loss of 500 jobs. Like the Fujitsu plant in the UK, it was making chips using what is considered low-technology today.

To: charles j. aaron who wrote (3904)	9/7/1998 7:54:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Dollar = 130.64 yen, DRAM going much higher. The United States dollar sank to its lowest level in four months yesterday as investors were reported to be "panicking" in the wake of an apparent signal by the US Federal Reserve chairman Alan Greenspan that he might relax interest rates. The yen rapidly strengthened as dealers reported huge moves by highly leveraged hedge funds out of short yen and long dollar positions, propelling the yen to 130.64 yen, up sharply from its close in New York on Friday of 133.51