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To: Thomas G. Busillo who wrote (42836)	2/7/1999 12:01:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

02-08-99 : LG Semicon workers end 15-day strike The labor and management of LG Semicon Ltd. reached an agreement on how to compensate its worker involved in the semiconductor maker's merger with rival Hyundai Electronics Industries Co. Ltd., ending a 15-day strike. Under the agreement mediated by the Labor Ministry, LG Semicon will provide its workers with six months of pay to compensate for handing over the firm's control to Hyundai, plus four months of extra pay as production incentives. With the agreement settled, more than 9,000 LG workers at its Chongju and Kumi plants are expected to return to work today, ending the crippling strike. Protesting the decision of its parent LG Group to sell the firm to Hyundai, about 8,000 LG workers submitted resignation en masse Jan. 24 and stopped working. The walkout has caused an estimated daily loss of 15 billion won ($12.8 million) for the chip maker. LG agreed to sell its chip-making unit to rival Hyundai under a government industrial restructuring program aimed at promoting the exchange of non-profitable businesses among the nation's conglomerates, or chaebol. Despite the compromise reached by LG Semicon's labor and management, it is still unclear whether Hyundai Electronics will accept LG's demand to absorb all 9,600 of its employees and employ them for up to seven years. Although Hyundai promised to retain all LG workers, many experts forecast it will lay off workers once the merger is completed.

To: Thomas G. Busillo who wrote (42836)	2/7/1999 9:46:00 PM
From: Earlie	Read Replies (2) \| Respond to of 53903

ToM; As usual, well thought out and well reasoned comments. A question: What happens to Mu's numbers if 64 chips fall to say $6.00? That's my expectation (and I'm not alone) before the summer ends. In a glut, as you know better than I, prices fall to the cost of production,....sometimes even beyond. Supply side is really starting to expand,...(mostly through yield). Of course I also thought MU would lose $100.0 million per quarter and was wrong (the average loss was higher) and that MU would trade in single digits last Summer. (g) Best, Earlie