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To: Norrin Radd who wrote (4724)	2/28/1999 11:41:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

03-01-99 Hyundai, LG fail to iron out difference in semicon merger Hyundai Electronics Industries and LG Semicon has failed once again to iron out conflicting stands concerning the stock pricing of LG Semicon required for Hyundai's takeover under the nation's semiconductor consolidation deal, business sources said. A pricing evaluation committee called for the two sides to present alternative evaluation plans by softening their conflicting stances. In case they continue to stick to their own positions, the committee is expected to present its own stock pricing evaluation. In case the two sides reject the committee's evaluation, a third alternative plan will be forthcoming, sources said. "For the moment now, the two sides hold fast to their own position, and even if the evaluation committee decides on the stock pricing evaluation, they are not expected to accept it, so we will consider a third alternative," a committee source said. LG accused Hyundai of trying to take over it at a fire-sale price. The pricing difference between the two sides is as much four times, sources said.

To: Norrin Radd who wrote (4724)	2/28/1999 11:45:00 PM
From: DJBEINO	Respond to of 9582

Samsung Electronics To Boost DRAM Investment By 20% Saturday, February 27, 1999 SEOUL (Nikkei)--Samsung Electronics Co. plans to expand investment in dynamic random-access memory production by 20% to 1.2 billion dollars in 1999, company executives told The Nihon Keizai Shimbun on Friday. Chip sales are forecast to rise 10% during the year as a result. The move is aimed at boosting production of 128-megabit and higher DRAMs. Samsung hopes to raise monthly output of such chips to over 10 million units by the end of the year. "We expect the global DRAM market to tighten as Japanese rivals hold down investment," an executive said. "Now is our chance to boost production." Most of the funds will be used to raise capacity and improve existing facilities at the firm's Kiheung plant. The company intends to maintain output of 64M DRAMs at the current level of 15 million chips per month, with the investment to be used for adding higher-capacity DRAM production. Should it go ahead with the spending plan, Samsung will dwarf Japanese producers. Both NEC Corp.(6701) and Toshiba Corp. (6502), two of the largest Japanese microchip makers, plan to curtail semiconductor-related investment in fiscal 1999, to 100 billion yen and 120 billion yen, respectively. The South Korean firm cut output 25% by idling facilities in April-October 1998, but production has been rising again since November.