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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: Donald Wennerstrom who wrote (64695)6/24/2014 1:02:57 PM
From: Donald Wennerstrom1 Recommendation

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Leave it to S&P Capital IQ to maintain a 3 star rating on MU.

<<S&P CAPITAL IQ MAINTAINS HOLD RECOMMENDATION ON SHARES OF MICRON TECHNOLOGY INC.
8:58 AM ET 6/24/14 | S&P Capital IQ

MU posts May-Q operating EPS of $0.79 vs. $0.09, beating our $0.67 estimate. Sales rose 72% and fell 3% sequentially to $3.98 billion, better than the $3.88 billion Capital IQ consensus estimate.

We think MU continues to benefit from a favorable supply-demand landscape within both the DRAM and NAND flash arenas, which is supporting memory prices. We see further gross margin improvement aided by healthy pricing environment, favorable mix shift to solid state devices as well as ongoing cost reductions. We believe memory manufacturers are being prudent with capital spending plans.
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