Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: mattie who wrote (22777)	8/13/1999 2:19:00 PM
From: Iris Shih	Read Replies (1) \| Respond to of 68612

Mattie, I took some profits today. But I think it definitely hit the bottom at the low 30s. Will be back in again next week. Telecom equip makers are running hard again today. The smaller players just need some volume, ie efnt, hsac, tern... I am watching them closely now to jump in. Dsl players, ie rthm (29~), npnt(19~), covd(34~) probably hit the bottom too. In npnt, rthm yesterday but will take profits soon and wait the retest to get back in. CMtn will do pretty well if these dsl behave well. In yesterday but out today too soon. I picked up some wfr and klic today. Look at wfr's chart. You'll love it. Some news on flash makers: Supplies of flash memory have become tight in South Korea, potentially endangering the rapid ramp of a host of new Internet audio players. In addition, Korean manufacturers are reporting a sharp upturn in DRAM prices and an ongoing shortage of LCDs. The flash shortage is being attributed in part to the fast rise in production of MP3 players here and to the increasing use of flash in other digital consumer devices, such as cameras and video recorders. Manufacturers also report a scarcity of other solid-state storage media, including the SmartMedia Card and Multimedia Memory Card. The shortage comes as major suppliers such as Samsung plan to reduce flash prices from about $1.50 per Mbyte to as low as $1/Mbyte in the third quarter, as part of a shift from 16- to 32-Mbit products. However, prices are not expected to rise as supplies for those parts tighten. Responding to the growing demand, Samsung has shifted some of its DRAM lines to flash work and nearly doubled its production capacity for flash. DRAM prices are again on the rise here and an LCD shortage is expected to continue well into next year despite the addition of new manufacturing capacity here, in Japan and in Taiwan. Price hikes On spot markets, prices for 64-Mbit DRAMs rose from a high of about $6.52 in late July to $7.26 in early August. Generic SDRAM prices have seen a similar increase, reaching a high of $5.79 last month. The price rise was attributed largely to speculation on the impact of the recent power outage that affected Taiwan's major fabs. Embattled Korean memory makers are taking advantage of the rise in memory prices on the spot market by hiking prices. Samsung, Hyundai Electronics and Hyundai Semiconductor are actively reviewing markups in the prices for customers on long-term contracts. Meanwhile, Asian LCD makers are beginning to add manufacturing capacity. Industry sources said Taiwanese manufacturers opened new production facilities recently as Korean and Japanese display makers increased production capacity by 30 percent. With the supply of thin-film-transistor (TFT) LCDs said to be lagging demand by 10 percent, prices are up sharply, with 12.1-inch LCDs selling for about $350, 13.3-inchers for $500 and 14.1-inch displays for $540. Taiwan's CPT Inc. began TFT LCD production in the second quarter, and other manufacturers there are expected to begin production early next year. Still, analysts said the added production capacity will do little to ease display shortages this year. No relief is in sight until mid-2000 when new production facilities come online, increasing supplies by 30 percent. Iris