Memory Chip Stocks Move On SanDisk Deal
the tickerspy.com Staff
On Wednesday May 27, 2009, 12:20 pm EDT
Buzz up! Print Related:Integrated Silicon Solution Inc., MIPS Technologies Inc., Micron Technology Inc.
Memory chip stocks were up Wednesday on news from SanDisk (NASDAQ: SNDK - News).
Related Quotes
Symbol Price Change
ISSI 2.5000 +0.1700
MIPS 3.64 0.00
MU 4.81 +0.16
NVEC 38.76 +0.21
RMBS 12.75 +0.14
{"s" : "issi,mips,mu,nvec,rmbs","k" : "c10,l10,p20,t10","o" : "","j" : ""} This morning, Samsung Electronics announced that it will use SanDisk flash memory chips for another seven years. The renewed license guarantees a portion of chip output to SanDisk and has a lower royalty rate. The memory chip company's chairman and CEO Eli Harari said, "we are very pleased with the agreements announced today." Investors agree, sending SanDisk shares up by 18%.
As a whole, the Memory Chip Stocks Index is up by 3% today. The Index is now outperforming the S&P 500 fractionally over the last month.
Integrated Silicon Solution (NASDAQ: ISSI - News) and Micron Technology (NYSE: MU - News) are both up by more than 5% today. Micron has more than tripled since its 52-week low.
Rambus (NASDAQ: RMBS - News) is up by 4% today. The stock was up big Tuesday after a U.S. District Court ordered Hynix Semiconductor to pay Rambus just under $400 million for infringing on company patents.
MIPS Technologies (NASDAQ: MIPS - News) is up by 2% on the day, while Silicon Storage Technlology (NASDAQ: SSTI - News) and NVE Corp. (NADSAQ: NVEC) are trading near breakeven.
Ramtron International (NASDAQ: RMTR - News) is the industry laggard today, down -2%.
As of this writing, the Memory Chip Stocks Index is one of the worst-100 performing tickerspy Indexes over the last month, with gains of 7%.
Investors can follow the Memory Chip Stocks Index and view related performance charts and metrics at tickerspy.com.
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