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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (34509)	4/2/2007 10:19:25 AM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95743

Micron Tech. upgraded at Robert Baird, shares up in pre-open Marketwatch - April 02, 2007 8:59 AM ET NEW YORK (MarketWatch) -- Micron Technology was upgraded to outperform from neutral at Robert Baird, which cited the belief that dynamic random access memory pricing will bottom in May, which would represent a bottom in margins. Analyst Tristan Gerra also expects the memory chip maker's NAND business to generate positive gross margin starting in the fiscal first-quarter of 2008. "Micron shares usually trough a couple months before a gross margin trough is reported by the company," Gerra said in a research note. While Gerra expects estimates for Micron to come down for the next 2 quarters, Gerra believes this is already priced into the stock. The shares were trading up 1.4% at $12.25 in ahead of Monday's open.