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To: TREND1 who wrote (41910)1/6/1999 10:18:00 AM
From: DJBEINO  Respond to of 53903
 
LG Relents In Semicon Merger With Hyundai

LG Business Group Chairman Koo Bon-moo announced Wednesday that he would agree to let Hyundai hold managerial rights in the semiconductor merger of LG Semicon with Hyundai Electronics. Koo met with President Kim Dae-jung at Chongwadae to deliver the news. A spokesman from the president's office said that the LG chairman went through a period of soul-searching before finally making his decision to finally cooperate with the Big Deal measure, so that LG could make a contribution to helping Korea to strengthen its sovereign rating overseas.

Koo also promised the president that LG would do its best to nurture its core businesses. President Kim commended Koo's decision and asked that LG group spearhead the nation's economic recovery through its on-going business restructuring. Koo is known to have fine-tuned the move with Hyundai Chairman Chung Mong-hun before his visit to Chongwadae. One high-ranking official at LG said that the group's entire stake in LG Semicon would be sold off to Hyundai. Sources close to LG said that details of amount of the sale and the reason for LG's change of heart would be revealed later.



To: TREND1 who wrote (41910)1/6/1999 11:47:00 AM
From: Bipin Prasad  Respond to of 53903
 
(3) Seemed to be bullish until June 1999

Then MU will enter the strongest sales season, July, Aug
and Sep.

However, I'm not sure MU can sustain it's #s during Apr, May,
Jun and July.

later,

InSook



To: TREND1 who wrote (41910)1/6/1999 2:25:00 PM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Hal(Larry)<g>

I would venture to guess that I am now, as of this minute, one of the most bearish on this thread. As MU approaches 60...now at 59 5/8...I am expecting some serious overhead resistance. Buying lots and lots of MUPJs.<GGG>

207.95.154.130

Of course if it decisively breaks 60 them I am one crazy bull again.<vbg>

DavidG



To: TREND1 who wrote (41910)1/6/1999 5:30:00 PM
From: steve nguyen  Read Replies (1) | Respond to of 53903
 
on the same cnbc show this morning, LRCX CEO and
Chairman James Bagley didn't think Samsung and
Hyundai would have pressure on MU DRAM sells.
Since this guys has been in the semi sector
for more 30 years, I find his comments are
valuable and really don't mind stick w/ MU
for the long run. I am still holding on
my shares and glad that I did.

Steve