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Technology Stocks : Micron Only Forum

MU 234.19

-2.2%

3:59 PM EST

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To: mike iles who wrote (24961)	12/9/1997 11:21:00 PM
From: edward miller	of 53903

No, these are SPOT prices. Most companies sell on contracts. I have no access to contract pricing information. Low SPOT prices means an excess of supply, since customers don't want all their DRAM suppliers to go bankrupt (or at least their favorites - but that is speculation on my part). Customers get burned by bankrupcies when business turns on again - they can't get parts when they need them. However, there's no denying that these low SPOT prices will mean tremendous pressures at negotiation times. This drop must be currency related, but it also shows that difficult times are ahead for all DRAM companies. Ed

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