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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (40646)	11/3/1998 11:29:00 PM
From: DJBEINO	Respond to of 53903

Korean chip makers cancel further production cuts Nov 04, 1998 - Korean semiconductor chip makers have canceled their plans for a further reduction of output, as they are running out of stock and overseas orders are on the rise, according to industry sources. Export prices of dynamic random access memory chips are recovering. The price of 64-megabit DRAM chips, which hit rock bottom in July, jumped to around US$10, and the price for EDO chips rose to US$11, the sources said. Even 16-meg DRAM chip prices increased 30% to about US$3. As demand increases, Samsung Electronics, LG Semicon and Hyundai Electronics Industries abandoned their production cut plans. In particular, Samsung Electronics is expecting as much as 1 trillion won (about US$740 million) in 1998 before-tax profit in the semiconductor business. The sources said that a series of production cuts by Korean and Japanese companies had paid off and that anti-dumping accusations by UMC-Vanguard and 12 other Taiwanese chip makers and by the U.S. had created demand from buyers.

To: Carl R. who wrote (40646)	11/4/1998 12:42:00 AM
From: sandstuff	Read Replies (1) \| Respond to of 53903

Carl, good post...I agree. I have to admit, though, the Taiwanese are also very good at die shrinks. Micron should rightfully view them as future comp. BTW, after reading that last article, it should be obvious that the Taiwanese and Micron are both trying to grow marketshare and both are selling below cost. The petition filing is BS. Also, with all the recent press, I'm wondering if Micron is trying to "talk" their stock price up. Later

To: Carl R. who wrote (40646)	11/4/1998 8:31:00 AM
From: Chas	Read Replies (1) \| Respond to of 53903

Some are saying that the tightness is continuing in the market and the drop off will be smaller or none after 12/15. This is my opinion hard thing to predict, unless one had all the data in the market real time. The one indicator that at least I am seeing is that no-one has enough product, and the demand is so strong right now, that price is secondary. Probably in Dec, some product may become available but I dont think any excess will be dumped into the secondary markets. The other indicator is there is noone holding product back, and most suppliers are being more responsible this time around. That should be positive for keeping pricing stable. Bottom line, DRAM is a commodity and it will go up and down based on supply and demand. Good trading.