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Show % 1% amass 2 ms Uinar's 15 ih *“ vA nn Uetn” =< mm i= Last Cag Laat Aiphari Mtedste Sosteeshestis Name ey; NASDA 33 a > TheSalt Lake Tribune BUSINESS Friday. June 14, 1996 B10 * “3g Bs We -4 § “S8 8i: 3 ‘ -< ‘ -& i ca % x * “s i8= * = =a 3 3S is 8 4 “% 104 ’ Medtah 32% See B-11 Drop peopleat its existing facilities in In MemoryChip utives No one is sure when the drop will stop although the industry Boise and cut salaries of top exec- Prices Hits Hard got some good news Tuesday when its monthly performance @ Continued fromB. barometer showed an improvement in the Americas last month for the first time this year That asked the Commerce Department gave a lift to chip makers’ stock prices Wednesday Someanalysts expect memory- to look into whether two South Korean manufacturers have been dumping chips, charging less than it costs to make them, in the Unit ed States Micron has stopped building a new plant in Utah. cappedpro: duction and stopped hiring chip pricing to level out later this year but saidthat depends on chip makers adhering to the production cuts they have declared Withtheexception of Micron’s actions. the tumult is less visible in the United States thanit was a decade ago US. At that time, companies were more making memory chips andtheprice drop wasslightly steeper ‘That was about the timealot of the U.S. companies got out of the memory market.” said Mel Thomsen. analyst at Pathfinder Researchin San Jose. Calif. “For a lot of the Asian companies, all the profit and loss in [memory chips] gets absorbed into a much larger corporateentity The price-performance measurement. or priceper bit. of all computer chips historically gets cut in half every two years orso It is tied to the pace of improve ment in chip design FortPet oe Keb ad Consumers Keep Economy Chugging Along THE ASSOCIATED PRESS WASHINGTON — Retailers rang up a 08 percentincreasein sales in May, thethird advancein four monthsdue in partto the re turn of customers to automobile showrooms. Someanalysts doubt thepacecan besustained Consumerdebt is now at a re cord 20.8percent of income. and borrowing is slowing,” econo- mists at Merrill Lynch & Co. told their clients in a faxed analysis Credit-card delinquencies and personal bankruptcies are ris ing They also said temporary forces that boosted spending in recent months — a boom in mortgage refinancing. capital gains. early tax refunds — are receding As a result, the Merrill Lynch economists expect spending to reported Thursday that consumers remained active in May, when 348,000 new jobs were created. boosting retail sales to a seasonally adjusted $205.5 billion from slowin the secondhalf. tivity There are indications that job growth already may be moderat ing. The Labor Department said Thursday, for instance, that new claims for jobless benefits rose last week for a second week in a row Retail sales represent about a third of the nation’s economic acAlthough the increase was slightly below the 1 percent gain that manyanalysts expected, it still was strong enough to initially spook financial markets fearful that a robust economy will lead the Federal Reserve to boost in- But the Commerce Department NOW AT RCWILLEY Le ese . TRU as\¢i ae) UT).Bees $203.9 billion a month earlier. terest rates. raeeTrnTt OVER 500 CLOCKS ALL ON eUtah’‘s largest selection. °Free delivery & setup. *Over 25 Grandfathers to choose from. (TT 1 TY =e Sya2704277 8 ConvenientStore Locati STORE HOURS! Monday-Saturday Closed Sunday Se Habla Espariol SYRACUSE 1693 W. 2700 $ MURRAY SO. SALT LAKE 861 £. 6600 5 2301 5. 300 W a = =; CLEARANCE OUTLET CARPET OUTLET RIVERDALE/OGDEN RE cal EF seman 9010 S. Redwood Road 5530 S. Von Winkle 4045S, Riverdale Road SEs skies POwareine |
