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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: phbolton who wrote (45667)	5/10/1999 3:51:00 AM
From: tom rusnak	Read Replies (1) \| Respond to of 53903

Asian Stocks: Japan Mixed as Telecoms Rise, Chipmakers Fall; Korea Gains By Dominic G. Diongson Tokyo, May 10 (Bloomberg) quote.bloomberg.com some extractions: The Nikkei 225 stock average rose 30.49, or 0.2 percent, to 16,977.01. Gains in the index were limited as chipmakers, such as industry leader NEC Corp., fell on concern falling prices for their mainstay memory chips will further erode profit. Chipmakers fell after the Nikkei reported the spot price -- the price for immediate delivery -- for the 64-megabit chips used as main memory in personal computers has plunged to a record low of $6.70 a chip, down 17 percent from the end of March. Micron Technology Inc. of the U.S. as well as German and Taiwanese manufacturers have begun to offer synchronous dynamic random-access memory chips or DRAMS at the $6 level, Nikkei said. NEC Corp., Japan's biggest maker of microchips, fell 1.1 percent to 1,400 yen. Fujitsu Ltd. shed 0.7 percent to 2,000 yen. Toshiba Corp. fell 0.4 percent to 797 yen. ''We had thought Japan's chipmakers would be able to make some money on DRAMs this fiscal year, but the issue's basically already settled,'' said Yohei Kanazawa, a senior analyst at Daiwa Institute of Research Ltd.