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To: Norrin Radd who wrote (4016)	9/22/1998 11:09:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Oki To Phase Out Of DRAM Market (1:45 p.m. EDT, 9/22/98) By Jack Robertson Oki Electric Industry Co. will withdraw from the next generation DRAM market by scrapping plans to mass produce 256-megabit memory chips, President Katsumasa Shinozuka, told a press conference today in Tokyo as reported by Bloomberg News. Shinozuka said Oki would concentrate on producing chips for its core telecommunications and custom applications business. As a result he expected DRAMs to fall from 30% of chip revenues this year to 15% before being phased out in 2000. Oki expects to report a $318 million (43 billion yen) loss for the current fiscal year ending next March 31, 1999. The firm is cutting its capital spending on semiconductors to $94 million (12.4 billion yen) in the current fiscal year, down from $312 million (42.4 billion yen) in the year ending March 31, 1997. ebnews.com