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

To: Thomas G. Busillo who wrote (45960)	5/29/1999 10:37:00 AM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

Taiwan issues preliminary ruling against US DRAM mfgrs. Saturday May 29, 4:57 am Eastern Time Taiwan initially finds U.S. makers dumping chips TAIPEI, May 29 (Reuters) - Taiwan trade investigators ruled on Saturday that U.S. microchip makers were guilty of dumping DRAM memory chips on the island, just days after Washington proposed anti-dumping penalties against Taiwan DRAM makers. Huang Chih-hui, executive secretary of the Trade Investigation Committee, said a ten-member panel decided in an intial ruling that dynamic random-access memory chips sold cheaply by U.S. makers in Taiwan had harmed the local chip industry. Thirty local chipmakers had filed a complaint in April against U.S. DRAM maker Micron Technology Inc (NYSE:MU - news) and the U.S. affiliates of two South Korean microchip giants -- Samsung Electronics Co Ltd and Hyundai . Huang said no punitive rates had been raised at the meeting, and the finance ministry would review the tariff rates before recommendating the rates. ''The finance ministry is expected to review the case and make its proposal in October, and a final ruling would be announced by mid-November the soonest,'' Huang said. Local manufacturers had recommended an import duty of 66.83 percent against Micron. Huang said the initial ruling found that Micron and other U.S. makers had created annual losses of T$5 billion (US$152.7 million) for Taiwan's Vanguard International Semiconductor and T$2.9 billion for Mosel Vitelic . Both companies had been found guilty of dumping DRAMs in the United States by the U.S. Commerce Department. Huang dismissed speculation that Taiwan's investigation was to retaliate against the United States for its plan to impose anti-dumping tariffs against Taiwan DRAM exporters. ''They are two different cases,'' Huang said. The U.S. Commerce Department found on Monday that Taiwan makers had sold DRAM chips at below fair value in U.S. markets and vowed to impose punitive import duties averaging 16.65 percent on Taiwan DRAM exports by October or November, pending further investigation. U.S. DRAM manufacturers led by Micron Technology Inc (NYSE:MU - news) filed a complaint in the United States in 1998 alleging dumping by Taiwan makers, and the U.S. International Trade Commission elected in December to pursue the allegations. (US$ equals T$32.8) biz.yahoo.com Random questions: What's the "fair value" of a DRAM chip? [The U.S. Commerce Department found on Monday that Taiwan makers had sold DRAM chips at below fair value in U.S. markets...] Whose information did the U.S. Commerce Dept. rely upon in estimating the "fair value"? Is the entire report from the Dept. of Commerce available to the public? Will the entire report from the Taiwanese govt. be available (preferably in English) so we can compare and contrast the "techniques" used in the search for "justice"? <g> Tom