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


To: Donald Wennerstrom who wrote (49226)9/3/2010 11:29:16 AM
From: Donald Wennerstrom2 Recommendations  Respond to of 95521
 
Sep 3, 2010
10:39 AM Asian Memory Chip Players Show Growth; MU, SNDK Shrs Rise
Posted by Eric Savitz

Conditions seems to be improving in the memory chip market.

Sterne Agee analyst Vijay Rakesh notes this morning that the Asian DRAM producers ProMOS and Powerchip yesterday posted monthly sales for August that were “much better than expected” given recent concerns with pricing on DDR2 and DDR3 DRAM pricing. He notes that for the three months ended August, revenue was up 13% for ProMOS and 14% for Powerchip. “We believe the strong report from peers could point to upside when Micron (MU) reports its quarter,” he writes.

Meanwhile, Rakesh says NAND pricing is “starting to stabilize,” with 16 GB and 32 GB spot prices now 4%-10% above contract levels. He adds the coming introduction of multiple 64 GB tablet PCs should help stabilize pricing in September - a development he thinks should be positive for SanDisk (SNDK).

In today’s trading:

MU is up 11 cents, or 1.5%, to $6.94.
SNDK is up $1.06, or 2.9%, to $37.07.



To: Donald Wennerstrom who wrote (49226)9/3/2010 12:19:51 PM
From: Return to Sender4 Recommendations  Read Replies (1) | Respond to of 95521
 
Chart of the Day - COTD - Triple the Average Job Loss:

chartoftheday.com

Today, the Labor Department reported that nonfarm payrolls (jobs) decreased by 54,000 in August -- the third consecutive decline. Today's chart puts the latest data into perspective by comparing job losses following the beginning of the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-1999 (dashed blue line). As today's chart illustrates, the current job market has suffered losses that are more than triple as much as what occurs at the lows of the average recession/job loss cycle. Also, today's decline in jobs provides further evidence that the current 'economic recovery' remains sluggish at best.