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Technology Stocks : Micron Only Forum
MU 223.99+8.0%3:49 PM EST
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To: DavidG who wrote (36129)7/10/1998 1:10:00 PM
From: DJBEINO  Read Replies (1) of 53903
 
Micron Technology Inc. (MU) rose as much as 1 5/16 to 29
13/16 as the chipmaker's benefited from a pickup in demand for
dynamic random access memory chips (DRAMs,) said analyst Richard
Owens at D.A. Davidson & Co. Investors see evidence of a
turnaround in the DRAM market as South Korean chipmakers,
particularly Samsung Corp. (0083 KS) and Hyundai Corp. (1176 KS),
are cutting back on production because of financial instability
in Asia, helping DRAM manufacturers elsewhere, Owens said.
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