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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (10121)12/4/1997 5:00:00 PM
From: Trader X  Read Replies (1) of 17305
 
I'd be more interested in SMOD if/when DRAM prices firmed--

for real!

this is a cut-throat, commodity business...even if they don't make the DRAM itself like TX, they are at the mercy of Korean DRAM makers who are flooding the market with DRAM at prices LOWER than what they paid for their inventory, so they have to sell their product for a loss, or close to it. Which could account for why they've dropped from $89 to 53 since mid-Sept.

I wouldn't want to be in their shoes right now!

-Kevin
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