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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Chas who wrote (47267)	7/22/1999 8:48:00 AM
From: DJBEINO	Respond to of 53903

Micron Technology Inc. Raised to 'Outperform' at D.A. Davidson Princeton, New Jersey, July 22 (Bloomberg Data) -- Micron Technology Inc. (MU US) was raised to ''outperform'' from ''neutral'' by analyst Richard D. Owens at D.A. Davidson & Co.

To: Chas who wrote (47267)	7/22/1999 10:42:00 AM
From: Jeff Leader	Respond to of 53903

Chas - 1) conspiring with your competition to split markets or set prices is a violation of U.S. antitrust laws. 2) Micron's quarter is now over half gone. They have apparently been adding to inventory the first half. Unless they are willing to shock the Street with lower revenue and (again) higher inventory, they've got to start shipping everything they can now. 3) PC OEMs' ops folks are not fools. They understand the current supply/demand situation. PC pricing is brutally competitive; PC OEMs MUST wring out every nickel of cost. So it'll take more than short-term manipulation of the DRAM spot market to raise contract prices. Contract prices continue to fall around the world, and as of the last survey I've seen (http://www.nikkeibp.asiabiztech.com/wcs/leaf?CID=onair/asabt/resch/77574) are below $6 in Asia, and well below $7 elsewhere.