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BUSINESS
June 1, 1996 | Times Staff and Wire Reports
Micron Seeks Probe of Korean Chip Makers: Micron Technology Inc. said it asked the U.S. government to investigate whether Korean companies Hyundai Electronics Industries and LG Semicon are selling computer memory chips below prices allowed by U.S. trade law. The request comes as memory-chip prices are plunging, forcing chip producers to cut output. Micron Chief Executive Steve Appleton said his company has "strong evidence" that the two firms are selling below production costs.
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BUSINESS
June 1, 1996 | Times Staff and Wire Reports
Micron Seeks Probe of Korean Chip Makers: Micron Technology Inc. said it asked the U.S. government to investigate whether Korean companies Hyundai Electronics Industries and LG Semicon are selling computer memory chips below prices allowed by U.S. trade law. The request comes as memory-chip prices are plunging, forcing chip producers to cut output. Micron Chief Executive Steve Appleton said his company has "strong evidence" that the two firms are selling below production costs.
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BUSINESS
September 3, 1998 | Bloomberg News and Reuters
South Korea's top five conglomerates are set to announce long-awaited business swaps and joint ventures aimed at enhancing global competitiveness and easing overcapacity in core industry sectors. The Federation of Korean Industries, a powerful lobby group representing the nation's biggest conglomerates, said the groups are smoothing out the rough edges of the agreements.
BUSINESS
December 31, 1996
SanDisk Corp. said it expects its fourth-quarter revenue to be unchanged from the previous quarter, when the company had $26 million in sales. The company, which makes audio and image storage products, said several of its customers cut back on orders. While revenue from products fell, the company anticipates that revenue from licensing and royalty agreements will result in an increase in earnings and operating income, Chief Financial Officer Cindy Burgdorf said.
BUSINESS
November 29, 1997 | From Times Wire Services
South Korea's most powerful conglomerates, hearing alarm bells in the country's financial crisis, are paring down their aggressive expansion plans at home and abroad, corporate executives said Friday. Separately on Friday, Japan agreed to give the country financial help, but only on condition that South Korea assent to terms set for it in a proposed International Monetary Fund aid package.
BUSINESS
August 2, 1998
* Tom Raimondi has been named to the newly created position of chief operating officer for MTI Technology Corp., an Anaheim data storage management technology company. He will be responsible for worldwide operations for the U.S. and Europe, including engineering, manufacturing, sales, marketing and service. Raimondi, a founder of MTI, had been vice president and general manager. * Gail P. Guge has been appointed vice president of marketing for the Prudential Real Estate Affiliates Inc.
BUSINESS
January 2, 1999 | MARK MAGNIER, TIMES STAFF WRITER
It's Saturday afternoon and, after a full 5 1/2 days of work, the staffs at Commercial Bank of Korea and Hanil Bank slip into wool jackets, knickers and hiking boots. A chance to relax, forget the bad loans, shed the economic gloom and doom? Not exactly. It's time to head for the hills.
BUSINESS
June 10, 1996 | EVELYN IRITANI, TIMES STAFF WRITER
The first floor of NEC's most sophisticated semiconductor plant stands empty, its future at the mercy of turbulence in the global chip industry. "Five years ago, we had a plan for that space," explained Yuji Sugita, a manager at NEC Kyushu Ltd., about an hour's train ride from the city of Fukuoka on the island of Kyushu. "Now we're not sure what will happen."
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