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

To: Norrin Radd who wrote (4042)	9/27/1998 11:10:00 PM
From: DJBEINO	Respond to of 9582

Mitsubishi Elec To Shift German Plant From DRAMs To System Chips TOKYO (Nikkei)-Mitsubishi Electric Corp. (6503) plans to stop making memory chips at its German plant early next year, shifting that facility instead to system chips and other devices for digital equipment, company sources said. The change is part of a strategy to improve the performance of the firm's semiconductor division, which has been experiencing hard times. The German plant currently turns out mainly 16-megabit DRAMs, and was supposed to start making 64-megabit chips this fall. But Mitsubishi Electric has abandoned that idea, because at present market prices the chips would not be profitable. In addition to system chips, the plant will produce SRAM and flash memory modules, targeting manufacturers of cellular phones and other digital gear, much in demand in Europe. Mitsubishi Electric will invest 2-3 billion yen to retool the product facilities.

To: Norrin Radd who wrote (4042)	9/27/1998 11:41:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Alliance Semiconductor's second quarter fiscal year 1999 ends on September 26, 1998. Results are expected to be announced mid-October. LOOKS LIKE THE QUARTER HAS ENDED...

To: Norrin Radd who wrote (4042)	9/28/1998 11:18:00 AM
From: DJBEINO	Respond to of 9582

Chip Makers To Close Plants In October Korea's major semiconductor manufacturers, Samsung, Hyundai, and LG Electronics, plan to close their plants for five to seven days around the Chusok national holiday which falls on October 5. Samsung announced Monday that its 16-mega and 64-mega DRAM production lines at Kihung plant will fully closed between October 2 and October 8. The Chungju plant of LG and Ichon plant of Hyundai will both be closed between October 2 and October 7. The three companies have closed their plants for about six or seven days every month since last June and they expect that the October closures will cause a 20% reduction. There have been no major worldwide fluctuations in the unit price of DRAM.

To: Norrin Radd who wrote (4042)	9/28/1998 12:27:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Consensus Estimates moved UP This Quarter (Sep 98) -0.04 it was -0.05 quote.yahoo.com

To: Norrin Radd who wrote (4042)	9/28/1998 11:37:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Nippon Steel (5401) To Abandon Japanese Chip Production TOKYO (Nikkei)-Nippon Steel Corp. decided Monday to withdraw fully from domestic production of semiconductors, company sources said. To that end, the steelmaking giant will sell all the shares it holds in subsidiary Nippon Steel Semiconductor Corp. (6939) to the United Microelectronics Corp. (UMC) group, one of Taiwan's leading semiconductor makers, by the end of the year. Nippon Steel currently holds 30,560 shares of Nippon Steel Semiconductor, or 56% of the unit's stock outstanding. Nippon Steel appears to have reached an agreement with UMC under which the Taiwanese firm will also buy one of the subsidiary's two chip-production lines. Together, the shares and the line are expected to sell for an estimated 5 billion yen. After selling that line to UMC and the second line to another company, either foreign or domestic, Nippon Steel will pull out of chip production in Japan. In the current fiscal year through March 1999, Nippon Steel is expected to report an extraordinary loss of about 120 billion yen, mainly on the disposal of debts incurred by the subsidiary. As a result, the company will likely post a large net loss, not the 5-15 billion yen in net profit previously forecast. Nippon Steel entered the semiconductor market fully in 1993 by purchasing a Minebea Co. (6479) subsidiary. Since then, however, prices on dynamic random-access memory chips (DRAMs) have declined. Nippon Steel Semiconductor has sustained substantial losses since fiscal 1996 and had 7 billion yen of liabilities in excess of assets in the fiscal year ended March 31.