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Technology Stocks : Micron Only Forum

MU 241.15

-4.7%

Nov 11 3:59 PM EST

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To: Glen2 who wrote (50456)	1/31/2000 12:46:00 PM
From: Steve Robinett	Read Replies (1) of 53903

--Glen Re: Salomon Smith Barney's bold comment on 64 Meg DRAM pricing, which said, "We believe contract pricing is heading lower, with most estimates suggesting $7.25-7.50 for the first half of February." Today, the low end of the range for 64Mb 8Mx8 PC100 SDRAM was $7.12, the high $7.55, giving an ASP of about $7.34. And we aren't even into February yet. Does that mean DRAM price erosion is over? I have no idea. It has been relentless over the past few weeks. (http://www.siliconinvestor.com/readmsg.aspx?msgid=12726184) Still, any uptick in DRAM pricing might give MU a relief rally. Alternatively from a TA viewpoint, based on the daily price change for the past month, at today's low (so far) of about 58-1/4, there was a 5% probability of further downside. --Steve

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