(Editor's Note: In the presale report published on May 25, 2001, in the Profitability section, the description of first quarter 2001 operating results was inaccurate. The complete, corrected report follows.) Standard&Poor's on May 24, 2001 assigned its 'B-' corporate credit rating to Korea-based Hynix Semiconductor Inc. (the former Hyundai Electronics Industries Co. Ltd.) Standard&Poor's also assigned its 'B-' rating to Hynix Semiconductor's proposed US$350 million senior unsecured notes due 2011. At the same time, the ratings were placed on CreditWatch with developing implications, meaning they could be raised, lowered, or affirmed. Resolution of the CreditWatch placement will depend on the success of the company's recapitalization program. The ratings on Hynix Semiconductor reflect the volatility of the
