John, another great moment in journalism:
Wednesday July 28 2:23 PM ET
Micron Tech Sees Uptick In Memory Chip Prices
SAN FRANCISCO (Reuters) - Micron Technology Inc. (NYSE:MU - news), the biggest U.S. maker of computer memory chips, expects memory chip prices to rise slightly starting next month due to an acceleration of demand and lower inventory levels, a Micron executive said Wednesday.
Micron's vice president of corporate affairs, Kipp Bedard, told a BancBoston Robertson Stephens semiconductor conference that memory chip prices climbed during July and have been gradually moving up from a price range of $4.50 to $4.75 for a 64-megabit chip. He said he expected prices to rise to about $5.00 to $5.25 starting around Aug. 1.
dailynews.yahoo.com
Is that even close to being accurate?
''You will hear us talk more about shortages here and there,'' Bedard said.
I echo your sentiments.
19% rise to hear the Kipster talk about rising prices and more memory per box.
Does this set some kind of pre-tout two-day record?
What will Dan "sell with risk until the low 30's" Niles have to say in his next marketing brochure?
Will the Dow Jones write-up on the conference contain a Niles quote about rising prices - which would make it 3 years running?
Will the stock repeat its pattern of the last two years and put in its post-Robbie Stephens top on August 7th (8-7-97, 60 1/16; 8-7-98, 36 7/16), which is strangely similar to the fact that for the last 2 years running its hit its 1st quarter top also on the same day, February 4th (2-4-98, 38 15/16; 2-4-99, 80 9/16).
Would the phrase "forces of evil in a bozo nightmare" be applicable here? <g>
Good trading,
Tom |
