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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Norrin Radd who wrote (4634)	2/4/1999 10:52:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

LG workers walkout continues SEOUL -- Wafer fab workers at LG Semicon Ltd. continued their walkout today for the 12th day, although the Korean chip maker was still hoping the latest job security and salary bonus offers would be accepted. However, an LG Semicon spokesman here today said the two sides continued to differ on employment guarantees which would protect workers after the company's chip division is sold to Hyundai Electronics Industries Co. Ltd. under a planned merger of the semiconductor operations. He added that it was still uncertain whether an agreement could be reached this week, as reported in the Korean press. LG Semicon has offered up to a six month bonus to workers to return to their jobs and accept the acquisition by Hyundai. For its part, Hyundai Electronics has said it would guarantee employment for LG workers through 2000. The LG workers have sought five-to-seven year job guarantees. As the LG fab shutdown continued through its second week, the loss of production from the world's fifth largest DRAM maker is starting to be felt in world spot markets, according to some analysts. The American IC Exchange in Aliso Viejo, Calif., reported that OEMs are beginning to scout the spot market now as a hedge against possibly tighter memory supply due to the continued LG shutdown. LG Semicon was producing mainstream 64-megabit DRAMs at the rate of about 15 million a month before the walkout. This was only slightly behind Micron Technology Inc.'s run rate of 18-million-to-20-million units a month and Samsung Electronics Co.'s 18-million DRAMs a month semibiznews.com