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

To: Zeev Hed who wrote (48711)	9/27/1999 9:50:00 PM
From: Broken_Clock	Respond to of 53903

Thanks Zeev, <<external events could change this general scenario>> Kinda like gold this past week. -g- I am going to start weaning some xau profits into MU 2001 leap puts very shortly. The 35s are about $2.50. I see a better than 50/50 chance of a double in those. Better than SPX index calls for my money. -g-

To: Zeev Hed who wrote (48711)	9/28/1999 2:01:00 AM
From: DJBEINO	Read Replies (2) \| Respond to of 53903

Micron Sees One Or More Hikes In DRAM Contract Prices By MARK BOSLET September 27, 1999 Dow Jones Newswires PALO ALTO, Calif. -- Makers of computer memory chips continued to be able to charge more for their products in both the spot and contract markets, Micron Technology Inc. (MU) said. Meanwhile, investments to expand production capacity in the industry aren't keeping pace with the anticipated increase in demand, company spokesman Kipp Bedard said. Micron sketched out this upbeat industry scenario at the Bank of America Securities investment conference. After years of falling prices and overcapacity, memory makers are on more solid footing. Supply in the industry is tight, and delivery schedules, or production lead times, on products such as flash memory have lengthened. Micron will raise the DRAM contract price offered computer makers to more than $9 a memory chip tomorrow, Bedard said. Another contract price increase is likely to follow, he said. At the same time, prices in the spot market - where products not delivered under contract to computer makers are sold - rose Sunday night to a range of $19 to $20.50 a DRAM, he said. There is little product volume in the spot market, Bedard said. For next year, memory makers are planning investments that would expand capacity by 70%, he said. Demand is anticipated to increase 75% to 80%, he said. -Mark Boslet; 650 496-1366 -------------------------------