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

To: FJB who wrote (42556)	1/29/1999 10:15:00 AM
From: John O'Neill	Read Replies (1) \| Respond to of 53903

<<Hyundai workers down tools in sympathy with LG>> bullshit web page

To: FJB who wrote (42556)	1/29/1999 10:19:00 AM
From: Bipin Prasad	Read Replies (2) \| Respond to of 53903

That's old news. Korean government stepped in to end problems: Now HyunDai and LG agreed to hire 100% for the next 5-7 years. Looks like somebody is trying to prop up MU price by posting old news. So that they can unload their MU, imho. later, InSook

To: FJB who wrote (42556)	2/2/1999 11:30:00 AM
From: DJBEINO	Respond to of 53903

LG workers reject Hyundai's employment offer By Jack Robertson WASHINGTON -- The volatile Korean chip merger deal remained unsettled today as the striking LG Semicon Co. workers reportedly rejected the latest job security offer to win their support for the company's acquisition by Hyundai Electronics Industries Co. (see story in the Feb. 1 publication of SBN). Bloomberg News said the LG workers were continuing their walkout after rejecting a Hyundai offer of a six-month wage bonus for returning to their jobs and accepting the Hyundai takeover. At the same time, the two companies were optimistic that the labor issue would be resolved and a final acquisition agreement could be signed by next week. They conceded, however, that the purchase price had yet to be agreed upon. LG Semicon had been demanding a steep premium price, reporting more than $1 billion above the estimated $1.8-to-$2 billion current value of the company's stock. Hyundai Electronics must also assume nearly $4 billion in LG Semicon debt. LG, at the weekend, proposed the compromise settlement with its workers of the half-year salary bonus, and Hyundai had agreed to retain all LG workers through 2000, as well as high severance pay for any layoffs after that time. The LG union had demanded a five-to-seven year employment guarantee from Hyundai after the acquisition. semibiznews.com