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To: Skeeter Bug who wrote (42451)	1/22/1999 5:33:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Workers at LG cut output to protest sellout to Hyundai By Jack Robertson WASHINGTON -- DRAM production at LG Semicon Co. Ltd. was cut in half this week as workers at the company's seven Korean fabs disrupted operations to protest the pending acquisition by Hyundai Electronics Industries Co. Ltd. An LG Semicon spokesman in Seoul said fab output was running at only 50% as union employees engaged in a "work slowdown." A major loss of LG supply could be of concern to OEM buyers. Last summer, when Korea's Big Three DRAM companies cut back their production, the subsequent drop in supply was credited for helping to drive DRAM prices back up. The LG spokesman said he had no idea how long the union protest could last, but added that workers are vigorously opposing the Hyundai takeover unless they are guaranteed at least seven-year employment. A Hyundai spokesman said the company cannot responsibly make a seven-year tenure guarantee, although it vows to avoid any immediate major layoffs after the acquisition. The sudden drop in LG's DRAM production could affect global supply if it continues for any length of time, according to observers. LG has an estimated 7% share of the global DRAM market, producing 15 million 64-megabit DRAM chips per month. One industry source said last week that the quantity of LG DRAMs being traded on the spot market had already dropped markedly. Since LG sells a large percentage of its DRAMs through the spot market, the fall-off is the clearest sign yet that the labor dispute may already be eroding supplies, the source said. The protest complicates an already unruly acquisition that has been marked by the companies' inability to agree on an asking price. LG has demanded more than a 30% premium over its stock's current valuation of $1.8 billion to $2 billion, as well as a large portion of an estimated $3.1 billion in savings that the merger is supposed to achieve. semibiznews.com

To: Skeeter Bug who wrote (42451)	1/23/1999 3:38:00 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 53903

skeet, Rei use something called valuation as a guide to buy stocks when most don't. If this is indeed true, why were you Bearish on both MU and AMAT when they were in the 20's???? Why can't you just admit you're a perma-Bear, who spreads his propaganda among various SI threads?

To: Skeeter Bug who wrote (42451)	1/23/1999 11:27:00 PM
From: John O'Neill	Read Replies (1) \| Respond to of 53903

I also believe the market is in for a hugh correction (30% plus). I'm long heavy on a stock short term and am hedging with MU short....I know, however, that MU can go like a bullet....I cannot afford to let my short position, which significant for me, go against me very long...my avg short price is a little over $69 established Friday.... any suggestions? any TA analysis on this thread. ..I do believe we will continue with an excellent bull market after correction..I think bull will go if Y2 prob is OK...I expect panic big time as the end of the year approaches. The govt is already increasing the cash supply (money required to fill peoples pockets = ~$200 per person) from $50 billion to $250 billion just to supply the banks with enough cash for the expected withdrals. A friend of mine recently got a message that his Jan 1, 2000 leaps had expired (Etrade) and they had been transferred to his tax account. Their compputer read it as 1900 not 2000 & had them as expired 99 years ago.....I think I'll want my certificates in safe deposit before new years......