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Technology Stocks : Smart Modular - diamond in the rough?
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To: Butch4327 who wrote (1987)7/23/1999 6:05:00 PM
From: flyboy  Read Replies (1) of 2020
 
I expect a big runup prior to the earnings announcement on August 18.

Chip prices are up...SMOD has been introducing new technology and with the increased selling of boxes due to the internet access rebates I figure a surge real soon!

Found an article detailing the increased prices today on AP regarding Toshiba :

Friday July 23, 5:16 am Eastern Time
INTERVIEW-Toshiba welcomes DRAM market recovery
By Miki Shimogori

OYAMA, Japan, July 23 (Reuters) - Leading Japanese chipmaker Toshiba Corp said on Friday a recent recovery in the global chip market would help its earnings, but it would not alter its plan to boosting outsourcing of its chip output.

Toshiba President Taizo Nishimuro told Reuters in an interview that the current rise in the spot prices of the mainstay 64-bit computer memory chips, known as dynamic random-access memory chips (DRAMs), would be favourable for its business.

The spot price for 64-megabit DRAMs currently stood at $5.5, up from a recent low of around $4.5, and a rise would later affect the prices for chips supplied via OEM, he said.

''The current increase in the spot market price will be felt favourably on our balance sheets,'' asid Nishimuro.

But he said the market recovery would not change the company's plan to shift about 40 percent of its annual chip output to overseas firms by fiscal 2001.....................

Good Luck!
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