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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (21037)	3/19/2002 3:37:05 PM
From: Challo Jeregy	Respond to of 23786

If I was long MU (which I'm not), on TA only, I would hold, with a tight stop. It is sitting right on/above its 200 dma- stockcharts.com[h,a]daclyyay[pb50!b200!b20!h.02,.20][vc60][iLl14!La12,26,9!Le12,26,9!Lp14,3,3!Lb14]&pref=G Of course, FA is a different story? ) New capacity will be coming back on line in Q2 as Micron (MU-$33, 1S) increases wafer starts and Hynix (660.KS-W1695, 2S) restarts its Eugene, Oregon fab; 2) Personal computer demand normally slackens in Q2, which is the weakest quarter of the year; 3) Prices have risen such that 256Mbytes of DRAM, at about $100, now slightly exceeds 10% of the BOM (bill of materials) for a PC, which currently has an average price slightly exceeding $1,000. Reports we got out of CeBIT in Germany suggested demand in Europe around the show was slow, with prices in that region slightly lower than elsewhere, though they firmed by the end of the week. Brokers we spoke to are expecting prices to be somewhat turbulent in coming weeks. One more twist in the ever-confusing events surrounding the possibility of a Micron acquisition of Hynix's DRAM operation. On Sunday, Bloomberg News quoted a Korean bank source as saying that Hynix Semiconductor and Micron Technology have signed a preliminary agreement to sell Hynix's DRAM fabs to the Boise, Idaho-based company for about $4 billion. Though details at this time are still sketchy, press reports suggest a price tag for about 7 DRAM fabs of about $4 billion, which includes a mixture of equity, cash and debt assumption. In addition, the banks want Micron to take some of the ownership of the 6 remaining fabs, while Micron wants additional loans from the banks for upgrading the Hynix DRAM fabs, according to the press reports. Message 17214366