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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (2626)	3/12/1999 11:01:00 AM
From: Duker	Respond to of 5867

Hyundai reduces loss in 1998, as sales turn up [The rearview mirror looks slightly positive ... Though it is always difficult to know how they allocate costs across their business ... --Duker] A service of Semiconductor Business News, CMP Media Inc. Story posted 9:30 a.m. EST/6:30 a.m., PST, 3/12/99 SEOUL -- Hyundai Electronics Industries Co. yesterday reported a net loss of $112 million in 1998, down from a $146 million loss for the previous year. The Korean company said 1998 sales totaled $3.5 billion, up 29% from a year earlier. Surprisingly Hyundai said its semiconductor sector was $114 million in the black, posting an operating profit even in face of the precipitous DRAM price fall that year. The Korean firm said its debt to equity ratio had been reduced to 446% at the end of 1998, down from 688% in 1997. Hyundai provided no additional details, but the Financial Supervisory Commission of Korea earlier had complained that the chaebol were coming up with better debt-to-equity ratios simply by re-evaluating assets higher. At the same time Hyundai's proposed acquisition of LG Semicon continued to be deadlocked in a dispute over the purchase price. An LG Group spokesperson today said yet another deadline has been set to complete the long-delayed merger--this time by the end of March. -- Jack Robertson