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07:31 ET DRAM CHIPS SHORTAGE TO WORSEN IN Q3: DAEWOO SECURITIES


SEOUL, Jun 05, 2000 (AsiaPulse via COMTEX) -- With personal computer manufacturers' high season arriving in the third quarter, shortages in DRAM chips are expected to get worse, to push 64 megabyte DRAM chip prices above US$8.

Daewoo Securities (KSE: 06800) said the recent price hike is a clear indication of undersupply.

The 64 megabyte DRAM chip spot market price increased 3.2 percent on May 30 and again 2.3 percent the following day, reaching 6.85 dollars, the highest since late February.

Daewoo said Intel's CPU supply is back to normal after an accident in a Mexico plant, and the high season is on its way.

Intel's decision to lower CPU prices spurred sales of high performance computers and raised demand for DRAM chips.

"Samsung Electronics has only 1-2 weeks of supply, far below the appropriate inventory level of 4-5 weeks, and the shortage will get worse as manufacturers prepare for the Christmas season in the third quarter," said Chon Byung-seo, analyst at Daewoo securities.

He forecast a 30 percent increase in DRAM chip prices will bring Samsung Electronics (KSE:05930) and Hyundai Electronics (KSE:00660) 1 billion dollars more in profits over the first half of this year and recommends both semiconductor manufacturers a strong buy.

(Yonhap)





(C) 2000 Asia Pulse Pte Ltd


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INDUSTRY KEYWORD: Semiconductors


07:31 ET IBM TARGETS SMALL BIZ WITH LOW-COST THINKPADS
Jun 04, 2000 (Tech Web - CMP via COMTEX) -- IBM will introduce "the most affordable ThinkPads ever" Monday, fleshing out its popular notebook line with two models that target students, entrepreneurs, and small companies, an official said. Full Story

07:31 ET TYCO, CISCO SYSTEMS ACHIEVE RECORD UNDERSEA IP TRANSMISSION
Jun 04, 2000 (AsiaPulse via COMTEX) -- (Full text of a statement. Contact details below.) MORRISTOWN, N.J., June 2 PRNewswire-AsiaNet - Tyco Submarine Systems Ltd. Full Story

07:31 ET SATELLITE CRASHES INTO PACIFIC OCEAN
WASHINGTON, June 4 (UPI) -- After nine productive years in orbit, a $670 million NASA satellite mission came to a fiery end early Sunday morning. The 33,000 pound (15,000 kilogram) Compton Gamma Ray Observatory (CGRO) fired its rocket engines one last time for 30 minutes at 1:22 a.m. EDT (0522 GMT) as it passed Full Story

07:31 ET ANOTHER STRONG DAY FOR THE TECH SECTOR
New York, Jun 02, 2000 (123Jump via COMTEX) -- It has been another strong day for the technology sector as Internet and chip stocks went on a tear. As a result, the tech heavy NASDAQ is up 201.50, or 5.6 %, to 3 784, adding to yesterday's 5.3 % move. Leaders include Sun Microsystems (SUNW) rising 5 1/16, Full Story

17:31 ET CHIP SALES SOAR TO RECORD HEIGHTS IN APRIL
Jun 02, 2000 (Tech Web - CMP via COMTEX) -- The chip market sizzled in April, setting a record high of $15.2 billion in sales for the month, according to data released Friday by the Semiconductor Industry Association. Full Story

17:31 ET PREPARE TO ENTER THE BRAVE NEW WORLD OF ASPS
New York, Jun 02, 2000 (123Jump via COMTEX) -- Just like patterns and colors, technology flavors change with the seasons. For instance, e-tailing became an American obsession in 1998, while in 1999 investors went mad about business-to-business electronic commerce companies. So far this year, the most Full Story

17:31 ET OUTLOOK PATCH POSES COMPATIBILITY RISK
Jun 02, 2000 (Tech Web - CMP via COMTEX) -- Nearly a month after its Outlook messaging client propagated the most disruptive computer viruses to date, Microsoft is ready to release a revamped patch meant to address restrictions in an initial fix introduced last month. But will the latest cure inflict its own Full Story

17:31 ET SONY TO LICENSE PLAYSTATION 2 TECHNOLOGY TO OTHER MANUFACTURERS
Tokyo, Jun 02, 2000 (EFE via COMTEX) -- Japanese electronics giant Sony will begin licenses programs and other components used in its PlayStation 2 video game console to other electronics manufacturers by next year, the company announced Friday. Full Story



 
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