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.

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

To: Zeev Hed who wrote (48274)	9/14/1999 8:42:00 PM
From: Chas	Respond to of 53903

YES YES YES! news.excite.com Shares of computer chip maker Micron Technology (MU) showed the most conviction, up 6 1/8 to 81 7/8 amid signs of increased demand as prices for the 64 megabit chip continue to rise. Prices rose as much as $15.50 on the Asian market Tuesday, up from $14 Monday. That's more than a triple off the bottom after creeping below $5 in June. "The fact that DRAM has bounced off the bottom and is at very high levels is quite positive," said Robert Maire, managing director at Bear Stearns. Chip equipment makers KLA-Tencor (KLAC) and Applied Materials (AMAT) rose after BancBoston Robertson Stephens analyst Sue Billat upgraded each stock to "strong buy" from "buy." KLA gained 6 9/16 to 73 3/8, while Applied picked up 5 9/16 to a new 52-week high of 81 9/16. Warburg Dillon Read analyst Byron Walker also offered some kind words for KLA. Walker reiterated his "buy" rating and raised his 12-month price target to $80 from $70, saying that the company's orders are growing with strong demand across all product lines. "It's going be a good time to buy, principally because the news as we move closer to companies reporting their September quarters, is going to be increasingly positive," said Tim Summers, senior director at Advest.