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: ild who wrote (52504)	5/2/2001 3:46:00 PM
From: DJBEINO	Read Replies (3) \| Respond to of 53903

465 DJ 14:04 +DJ Micron Tech Exec: PC Memory Inventories Still Coming Dn 471 DJ 15:40 DJ Micron Tech (MU) Mkt On Close Buy Imbalance: Shrs 83100 470 DJ 15:34 DJ Micron Tech (MU) Block Equals 0.1% Of Shrs Out 469 DJ 15:16 =DJ Micron Tech Exec -2: Moving To .13 Process Later In Yr 468 DJ 14:10 DJ MARKET TALK: There's A New Sheriff In Town, Cisco - Micron 467 DJ 14:08 DJ Micron Tech Exec Reiterates FY'01 Capex Of $2 Billion 466 DJ 14:07 *DJ Micron Tech Exec: Non-PC Memory Inventory Flat To Up>MU +++++++= NEW YORK (Dow Jones)--Micron Technology Inc.'s (MU) inventory of personal-computer memory continues to fall, said David Parker, manager of the company's investor relations. At the Merrill Lynch Hardware Technology Conference here, Parker said "true demand" from customers is allowing Micron to work down its inventory of dynamic random access memory, or DRAM. He said Micron is "cautiously optimistic," although spring isn't typically a strong season for DRAM demand. While inventory of PC memory is coming down, Parker said Micron continues to have a "fair amount" of inventory of memory for uses other than PCs. Inventory of those products is "flat to up," he said. He reiterated that Micron is planning to spend $2 billion on capital investment this fiscal year. At the end of the company's fiscal third quarter, over half of its wafer production will use the .15 manufacturing process, he said. Micron will move to the .13 manufacturing process by the second half of this calendar year, he added. ++++++++++++++ Micron Tech (MU) 43.60 -0.18: Merrill Lynch's Joe Osha makes comments following MU's presentation at firm's Hardware Technology Conference; management indicated spot prices are in line with contract prices at $4; contract prices have held and management denied company tried to raise them; consistent with firm's views, MU indicated it expects 50-60% bits growth in 2001.