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Technology Stocks : Micron Only Forum

MU 207.36

+3.0%

Nov 21 9:30 AM EST

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To: Skeeter Bug who wrote (45652)	5/7/1999 2:10:00 PM
From: Land_Lubber	Read Replies (3) of 53903

Shedding some light on the day's comments, Sue Billat, analyst at BancBoston Robertson Stephens, told CBS.MarketWatch.com, there exists a "tug-of-war between conventional wisdom and the very strong new trends, new drivers for capital equipment." "The conventional wisdom says that unless PCs are red-hot and DRAM [dynamic RAM] prices are marvelous, there's no hope for capital equipment. We've got new drivers and new trends now. On the PC and DRAM side, the DRAM guys are making money." Prudential Securities said in a weekly technology report that DRAM prices continue to fall. The analysts believe the cost per device is between $3.50 to $4, with potential to move lower between $2.50 to $3. Prudential also said the first-tier DRAM suppliers are profitable. Shares of Micron Technology, a major player in the DRAM business, were flat at 38 7/16. cbs.marketwatch.com Land_Lubber

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