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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (20726)	5/24/1999 9:58:00 PM
From: unclewest	Read Replies (1) \| Respond to of 93625

Monday May 24, 9:12 pm Eastern Time U.S. finds Taiwan guilty of dumping DRAMs -papers TAIPEI, May 25 (Reuters) - The U.S. Commerce Department overnight found that Taiwan was dumping dynamic random-access memory (DRAM) chips in the U.S. market and would set import duties averaging 16.65 percent, local newspapers said on Tuesday. The department investigated four Taiwan DRAM makers and set duties on Mosel Vitelic of 30.89 percent, Vanguard International Semiconductor of 10.36 percent, Nan Ya Technology of 9.03 percent, and Etron Technology of 4.96 percent, the papers said. The department would impose the same average of 16.65 percent duties on nine other Taiwan microchip makers, including Taiwan Semiconductor , United Microelectronics and Winbond Electronics , the papers said. The U.S. International Trade Commission is expected to make a final decision in the case in October or November, the papers said. Brokers said imposition of punitive U.S. duties would hurt Taiwan's electronics sector, the most heavily weighted component of the benchmark index. Taiwan is a major, growing exporter of DRAM chips and its manufacturers recently filed a countercomplaint with Taiwan authorities, alleging dumping in Taiwan by U.S. makers. Taiwan's DRAM exports to the United States are worth around around T$60 billion a year, said Beyond Asset Management president Michael On. Taiwan's microchip production totalled some T$400 billion in 1998, of which T$100 billion were for U.S. exports, On said. ''The U.S. anti-dumping move surely will have some short-term negative impact on Taiwan stocks as it would hurt Taiwan DRAM makers' competitiveness,'' On said. But he noted the duties were lower than local investors had feared, thus easing the negative impact. only two of the companies mentioned are rambus rdram partners, vanguard and winbond. if the others are all in the sdram and ddr camp, uncle sam just closed the price gap for rambus. on the surface, this looks like very good news for samsung, toshiba and especially mu, as well as rambus. unclewest