How could this hurt?
"Micron's net income jumped to $341 million, or $1.19 a share, in its first fiscal quarter ended Dec. 2, from the prior year's loss of $46 million, or 19 cents a share, and surpassed the First Call/Thomson Financial analysts' consensus forecast of 85 cents a share."
I see that MU is down in the aftermarket, but some "sell on the news" is probably to be expected, I haven't seen any forecasts by the company to account for it. I never have, no will ever invest in a DRAM company. The key to technology, IMHO, is IP and other value-added services like advanced fabs and execution that keep margins fat and profits strong over many years. DRAMs may be worthwhile to trade, but not to own.
Tom |
