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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?

To: KeithDust2000 who wrote (3436)	2/19/2008 3:33:54 PM
From: Rink	Respond to of 4590

Digital memory maker Micron (MU) is rallying after research firm Thomas Weisel upgraded the stock to Overweight from Market Weight. The firm predicts that DRAM prices will stabilize by mid-2008, one quarter earlier than Wall Street expects, according to the firm's analysis. An increase in the price of DRAM, or dynamic random access memory, will boost Micron's shares, according to Thomas Weisel. In addition, based on their analysis of the company's capacity expansion plans, Micron's revenues will grow 9% in 2008, the firm predicts. Micron's revenues will increase faster than those of its peers, the firm contends. Finally, Thomas Weisel believes that the company now has lower production costs than its peers, and the firm finds the company's valuation attractive. Micron's stock had jumped 7.15% to $7.64 in mid-afternoon trading. :theflyonthewall (also from today) Separately Sandisk and Tosh signed a MOU for a new JV for a new to build 300mm NAND flash fab. Production targeted for 2010. Full steam ahead. Regards, Rink