WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 223.28

+3.8%

Nov 28 9:30 AM EST

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To: dan.rosengold who wrote (3231)	11/27/2017 10:12:29 AM
From: Sam	of 4833

Moore raised his EPS estimates for Micron and increased his price target on the stock to $55 from $39 Why was he still at $39? Huberty says she expects NAND prices to fall "7-15% quarterly". How many quarters? First quarter drops of that magnitude aren't all that uncommon historically. The drop is coming from high levels. And there will be cost cuts as well, which will alleviate the ASP drops. And a good deal of WDC's revenue comes from value added products, not from raw chips. Product mix will matter more than ever now. This would affect Hynix much more than WDC, at least insofar as NAND is concerned. Hynix sells much more DRAM than NAND. That said, I agree with Moore about Micron. It should be differentiated from WDC, as should Hynix. And Micron is coming back pretty strongly right now. Back to $48.30 from a low of $47.09, although it is fluctuating pretty wildly.

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