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 : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: BillyG who wrote (20329)	12/7/1998 4:41:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 25960

this news won't hurt (given Samsung's relationship with Cymer): ragingbull.com >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> S.Korea Samsung Mtrs, Daewoo Elec agree on swap SEOUL, Dec 7 (Reuters) - South Korea's Daewoo Group said on Monday it had agreed in principle with Samsung Group to swap Daewoo Electronics for unlisted Samsung Motors Inc. "Daewoo and Samsung groups have agreed in principle to the company exchange," said a Daewoo Group spokesman. "But there are a great number of details to be worked out," he added. The swap deal may be formally announced after heads of the country's top five business conglomerates, called chaebol, meet President Kim Dae-jung on Monday afternoon, the Daewoo spokesman said. President Kim was scheduled to meet the chaebol leaders at 4:30 p.m. (0730 GMT) to nail down the so-called "big deals" that have come to be viewed as crucial to the country's reform and restructuring drive. <<<<<<<<<<<<<<<<<<< Daewoo is one of Korea's top 5 conglomerates (chaebols). Some highlights of Daewoo Electronics-Telecommunications Division History: 1983 - Division acquired by Daewoo. Has grown 38% annually then to 1998. 1989 - Produced "Leading Edge" computers 1993 - 1st Korean Co. to develop Pentium-based computers 1995 - 1st Korean co. to develop TDMA type PCS system 1995 - Initiated joint venture with Uzbekistan 1996 - 1st Korean co. to develop CDMA type PCS switching system 1997 - Developed 1st voice recognition telephone in Korea More on Daewoo Electronics-Telecom Division: www.daewoo.com/dwt.html