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| | Taiwan stock offerings hurt by DRAM plunge (Site not responding. Last check: 2007-10-28) |
 | | HSINCHU, Taiwan -- Taiwan's memory chipmakers are receiving cold responses in raising funds, as the industry outlook remains bleak due to product price falls. |
 | | In particular, debt-laden Hynix is selling DRAM in large quantity in exchange for cash, while Micron is reducing its inventories before concluding the quarterly results at end of May, according to Peter Cho, an analyst for Grand Cathay Securities Co., Taipei. |
 | | Rivals from Taiwan, which together contribute 10% to 15% of global output, are making similar moves even though the $2 price mark is already lower than their production costs that range between $2.5 and $3. |
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