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

To: Donald Wennerstrom who wrote (54662)	11/17/2011 10:07:40 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95574

Micron upgraded to Outperform at Oppenheimer; tgt $8 9:05 AM ET 11/17/11 \| Briefing.com Oppenheimer upgrades MU to Outperform from Perform and sets target price at $8 saying they expect MU shares to go higher since the overhang of the Rambus lawsuit has been lifted. Firm notes Micron would have been on the hook for up to $12 bln ($4B sought by RMBS, automatic 3x damages in California). While an appeal is to be expected in 2012, several factors look good: 1) Massive DRAM production cuts in the industry, very little new capacity coming on line; 2) Market NAND bit growth now getting dialed down to 65-75% from 75-85%.