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To: J. P. who wrote (42647)	2/2/1999 9:31:00 AM
From: John Graybill	Read Replies (2) \| Respond to of 53903

Not discounting it, no. But now that we have "negative" news coming out, its effects will be diminished. Two weeks ago, my assumption was that the tout-fests would be the only factor driving the stock during this week and next week, helped by news/spin of the LG strike continuing or getting worse, as was just posted. But in just the past two days, we have the NYT article getting the dirty laundry out into the open (with a subtle suggestion to SEC Chairman Levitt himself to take a look at it?) and last night's article that Intel is hedging its Rambus bets with Toshiba as well as Samsung and NEC. So the tout-fests will not be operating in a vacuum, as I had assumed they would. These two news items will be very real counter effects to the hot air of the tout-fests during the next two weeks. Instead of MU going up 5 or 6 points during that time, it might just stay in a tight range as the forces of good and evil duke it out on the tape. And that might not be the "worst" case -- DavidG's post a few back is a very real possibility as well.

To: J. P. who wrote (42647)	2/2/1999 11:04:00 AM
From: DJBEINO	Respond to of 53903

Intel offers Japanese firms funds to make DRAMs TOKYO, Feb. 2 (Kyodo) -- Intel Corp. of the United States has offered to provide Toshiba Corp., NEC Corp. and Mitsubishi Electric Corp. with funds to boost the production of next-generation dynamic random access memory (DRAM) chips, officials at the Japanese companies said Tuesday. The proposal comes at a time when these leading Japanese chip manufacturers are faced with a slump in their semiconductor businesses, making them cautious about making semiconductor-related investments. This caution has spawned concern about a possible shortage of DRAM chips. An official at Toshiba said the company has yet to make a decision on whether to accept Intel's proposal. ''We are putting the final touches to our investment plan and are considering whether to accept it,'' said the official, who asked not to be named. An official at one of the three Japanese companies said his company is negative about accepting the proposal. ''We'll be unhappy if they intervene in our business, and we can get low-interest loans from banks,'' the official said on condition of anonymity. Intel, the world's leader in the development and manufacture of central processing units for computers, has been trying to make high-speed, next-generation DRAMs that would increase computer speed. Intel has already decided to provide 500 million dollars to Micron Technology Inc. of the U.S. and 100 million dollars to Samsung Electronics Co. of South Korea, mainly through the purchase of convertible bonds issued by the firms.