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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Woody_Nickels who wrote (4940)	5/25/1999 8:07:00 PM
From: PAR	Read Replies (1) \| Respond to of 9582

In the past, I joked that DJBEINO's posts seem to have a direct negative effect on ALSC price. This time his flurry of good news seems to have crashed the WHOLE sector ( :>). Hey, next time some advanced warning so I can sell and get short!

To: Woody_Nickels who wrote (4940)	5/25/1999 9:01:00 PM
From: DJBEINO	Respond to of 9582

Taiwan DRAM Makers Fight US Anti-Dumping Ruling Hsinchu, May 25 (CNA) Six Taiwan dynamic random access memory (DRAM) makers targeted for punitive anti-dumping tariffs by the United States fought back on Tuesday against the US ruling. The six companies have requested the help of the Taiwan Semiconductor Industries Association (TSIA) in their attempt to raise a proposal before the US Department of Commerce (DOC) to stop the anti-dumping investigation. Local sources from the semiconductor sector revealed that the six manufacturers are preparing to request the DOC to raise a so-called "suspension agreement" aimed at ceasing the investigation initiated by Micron Technology Inc., the leading DRAM producer in the United States. The sources said TSIA has decided to invite the companies involved, as well as American attorneys commissioned by the organization, to attend a workshop next Wednesday to discuss the issue. According to the US anti-dumping law, accused foreign businesses have the right to request the agreement within 15 days of receiving the DOC's initial ruling on alleged dumping practices. As soon as the US government responds positivelquity to the request, the investigation will stop, but the accused companies must regularly provide the relevant US authorities with complete information on their business operations for reference, and must certify that their exports to the US market will not be cheaper than the cost of production. An executive of Vanguard International Semiconductor Corp., one of the local companies involved, said that the "suspension agreement" frees accused businesses from the obligation of paying deposits for their DRAM exports to the United States, a requirement following the DOC's initial anti-dumping ruling. Washington can also prevent dumping by foreign importers through the agreement rather than by having to levy additional anti-dumping tariffs, the executive said, noting that South Korea and Japan have used the agreement to reduce the harm caused by punitive US taxation. The DOC on Tuesday announced the result of its initial ruling on alleged dumping practices by 13 Taiwan DRAM makers, handing down punitive tariffs of between 4.96 percent and 30.89 percent to the companies for selling their products in the United States at prices lower than fair market prices. The DOC is scheduled to file its final ruling on Oct. 3.