European Stars and Stripes (Newspaper) - January 15, 1990, Darmstadt, Hesse Page 20, the stars and stripes monday january 15,1990 chips firm competing with japanese reportedly folding Washington a the re ported impending shutdown of a is Putiri memory cubs Points to the need of jew to a. Policies to encourage Titch invest ment a Cong Cumon said saturday. The seven company joint Ven Ture called memories had been launched an Effort to Challenge japanese dominance of the memory Chip Market. Congressman Robert s. Walker of Pennsylvania ranking minority member of the House science. Space and technology committee responded to published reports that . Memories would announce monday it was folding because it had failed to attract enough investors. I think what it indicates is the need for National policies that encourage a better investment climate for High Lech industries Walker said. He added pan of the problem right now is that our investment climate in this country is not such that most businesses want to Lake Long term risks. And that is apparently one of the considerations Walker said Congress should enact the capital gains lax reduction being advocated by the White House and also should approve a permanent Extension of the re search and development tax credit. The new York times the Washington Post and the Austin Texas american statesman carried stories saturday citing unidentified electronics Industry sources As saying the dissolution of . Memories would be announced at a news con Ference monday in Santa Clara Calif. The times said that while san Ford l. Kane president of . Memories would not comment on the reports he did say he was extremely frustrated by his failure to persuade computer companies to sign up for the venture. One can Only bang their head european weather be ratifies be coded saturday i 32" 38"j9 Jam p 36 41 r 29 34 f 4i s2 London 0 38 4625 46 Ming p 4 b t 34 41 Morten i 12 30 c 36 36 pans i 39 39 34 41 dome p 4 52 Del 13 2nd weather we Tilden tra Oech other temperatures High Low High Low 63 45 Montreal c 30 30 44 41 Moscow 19 9 Oslo c 37 36 49 34 Toronto s 75 21 55 39 Vancouver r 43 37 Suo olred by Fie associated press c Cloudy p partly Cloudy. I in. I ran. S Snow Cam cd bin t Helsinki s Jan Telalem c Lisbon i against the Wall for so Long. Sooner or later you get a headache the times quoted Kane As saying. . Memories had planned to raise $500 million in equity from computer and semiconductor companies and $500 million in debt to build a Large scale memory Chip Plant. However the venture has not been Able to sign up any investors beyond the seven companies that launched . Memories last june. Those members were three computer companies ism. Digital equipment corp. And Hewlett Packard and four semiconductor companies advanced Micro de vices Intel Psi logic and National semiconductor. . Companies today rely Pri Marily on japanese manufacturers of dynamic random Access memory chips. In 1988, Japan controlled about so percent of the $6.4 billion Market. Currently those memory chips have been in ample Supply and prices have plummeted thus re moving the urgency for a new Domestic source such As . Mem ories. However . Memories sup porters had warned that companies rejecting the idea merely because of the current Market glut were being shortsighted. . 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