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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

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Dec 5 4:00 PM EST

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To: Donald Wennerstrom who wrote (49226)	9/3/2010 11:29:16 AM
From: Donald Wennerstrom	2 Recommendations of 95531

Sep 3, 2010 10:39 AM Asian Memory Chip Players Show Growth; MU, SNDK Shrs Rise Posted by Eric Savitz Conditions seems to be improving in the memory chip market. Sterne Agee analyst Vijay Rakesh notes this morning that the Asian DRAM producers ProMOS and Powerchip yesterday posted monthly sales for August that were “much better than expected” given recent concerns with pricing on DDR2 and DDR3 DRAM pricing. He notes that for the three months ended August, revenue was up 13% for ProMOS and 14% for Powerchip. “We believe the strong report from peers could point to upside when Micron (MU) reports its quarter,” he writes. Meanwhile, Rakesh says NAND pricing is “starting to stabilize,” with 16 GB and 32 GB spot prices now 4%-10% above contract levels. He adds the coming introduction of multiple 64 GB tablet PCs should help stabilize pricing in September - a development he thinks should be positive for SanDisk (SNDK). In today’s trading: MU is up 11 cents, or 1.5%, to $6.94. SNDK is up $1.06, or 2.9%, to $37.07.

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