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Technology Stocks : Micron Only Forum

MU 265.94

+7.0%

Dec 19 3:59 PM EST

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To: Michael Bakunin who wrote (47381)	7/30/1999 9:08:00 AM
From: Kathleen capps	Read Replies (1) of 53903

Micron Technology (MU:NYSE) spokesman Kipp Bedard said that memory spot market prices were near an all-time low of about $4 per 64 megabit DRAM a month ago but have since climbed to between $5 and $6. And contract prices offered to top-tier computer makers like Dell (DELL:Nasdaq) are also rising. "Demand there looks great," Bedard said, adding that the computer makers seem to be aggressively stocking up on inventory in anticipation of back-to-school sales. This increase in business wasn't expected for several weeks. "The biggest concern we have is misreading the market and not having enough product." Skeeter, lets not forget famous Kipps words..."...demand remains strong". Kathleen

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