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

To: TREND1 who wrote (49193)	10/12/1999 10:23:00 AM
From: Glen2	Respond to of 53903

Jon Joseph of Salomon Smith Barney published a report on 10/8/99. Here's a summary: 1. In the current quarter, (ends Nov.) MU will see at least a 75% sequential price increase, the greatest in the company's history. That's with no bump up in cost. 2. MU shipped roughly an 80% increase in bits last quarter, about half from new production; half from inventory. 3. Inventory last quarter shrank from 7 weeks to 1 week. As a result, a 35% increase in production this quarter will translate to only about a 15% increase in bit shipments this quarter. 4. There are reasons to believe bit shipments could be greater than "guidance," because of the shift from 0.28u to 0.21u, and because Boise is largely converted to 0.18u, and will begin to shift to 0.15u by year-end. 5. Overseas fabs are currently running at only half of potential wafer starts, which could increase faster than anticipated going forward. 6. Joseph sees no significant new wafers coming on line over the next year outside of marginal increases at Micron and Samsung. 7. DRAM will be in short supply well into next year. This report can be found at: smithbarneyresearch.com