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

To: Rob S. who wrote (50627)	3/1/2000 11:54:00 PM
From: DJBEINO	Respond to of 53903

Micron Rises a Second Day on Demand, Rising Prices 3/1/00 1:32:00 PM Source: Bloomberg News Boise, Idaho, March 1 (Bloomberg) -- The shares of Micron Technology Inc., the biggest U.S. maker of computer-memory chips, rose a second day amid a rebound in chip prices and signs of increasing demand for its products. Micron shares rose 3 5/8, or 4 percent, to 101 11/16 in New York Stock Exchange trading. About 15.6 million shares traded, more than twice the three-month daily average. Micron, based in Boise, Idaho, yesterday said demand has been increasing for its products in recent weeks. 'I think investors truly want to own this for the second half of the year,' said Scott Randall, an analyst at Wit SoundView. 'In the second half, there will an undersupply of DRAMs (memory chips) and that should help Micron.' 'People who want to use Windows 2000 will want to have more memory on their PCs,' Randall said. 'Right now, there are a number of companies with competing memory technology, and for the sellers to match the demand is becoming that much more difficult,' said Randall. 'Micron has a history of most closely matching anticipated demand with supply.' Chip prices remain about half of what they were in December, when they rose to about $10. Memory prices rise and fall most when the industry tries to either add more manufacturing capacity to meet surging demand or rein in production to cope with falling sales. Email this story to a friend Click for printer-friendly format