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To: Madharry who wrote (4276)	11/22/1998 2:05:00 PM
From: DJBEINO	Respond to of 9582

11-23-98 Samsung to Close Chip Plant in Portugal Samsung Electronics Co. said yesterday it will shut down its semiconductor plant in Portugal next March, which is jointly run with Texas Instruments Inc. (TI) of the United States. The decision to close the plant will involve massive layoffs in Portugal and comes in the wake of the collapse in the global chip market. ''We have agreed with the U.S. firm to close the joint-venture plant under pressure from falling chip prices in the international market as well as the Asian crisis,'' a Samsung Electronics official said. TI has been producing integrated circuits at the plant since 1973. The company recently sold its memory chip business to Micron Technology. Samsung Electronics entered into the joint venture in 1994 by taking over a 38-percent stake for $37 million and began IC assembly outside Korea for the first time. The planned shutdown, however, is facing demands for compensation from the Portuguese government for the breach of a $137-million investment contract that expires in 2004, as well as the loss of 750 jobs. Samsung said Portugal is also demanding restitution for grants from the Lisbon government and EU Commission, including substantial tax benefits, to support the project. The world's largest memory chip maker estimated the penalties for the breach of the contract would amount to $54 million. ''We still consider ourselves ahead because we acquired a great deal of chip production technology from TI,'' said a Samsung Electronics spokesman. (NIS)

To: Madharry who wrote (4276)	11/23/1998 12:13:00 AM
From: Norrin Radd	Read Replies (1) \| Respond to of 9582

The trend for up/down volume is at 2.3 as of Fri. and is bullish for the moment. But stocks still oscillate up and down when they are in any trend. Often they make huge moves up or down on no news at all. If the up/down volume reverses trend over a few days, that is often a sign that price movement may follow. It is however, only 1 indicator of very many technical indicators that all need to be watched closely. No one indicator can tell the whole story. But U/D volume ratio standing at 2.3 is usually a lot better than standing below 1.0. The market has come up very far and fast, so I am very wary right now. Be careful.