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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (21803)11/7/2000 9:35:53 AM
From: Galirayo  Read Replies (1) of 29382
 
[ MU ] Sergio ...

Just after the close, I was told that Goldman put Micron (MU) on its recommended list, so you can expect to hear Maria chirp about that tomorrow. I find that rather curious, since there was a story today on Bloomberg that said 64-megabit DRAMs have touched their lowest prices ever.

The story specifically points out that "demand has fallen worldwide because PC manufacturers front-loaded a large volume of orders by the summer on fears of short supply as demand mounted for information technology rated devices, market sources said. Memory chip producers had boosted output to cater for the rise in orders. . ." -- which, lest we forget, never came.

siliconinvestor.com

Ray
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