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


To: The Ox who wrote (67893)3/17/2015 1:43:31 PM
From: Donald Wennerstrom  Respond to of 95610
 
PRICING WOES MAY HURT Q2 FOR MICRON TECHNOLOGY
SNP Market Scope 2015-03-17

Micron Technology, Inc. (NASDAQ: MU) is faced with continued pricing problems and may offer results in a release slated for April 2, an analyst said Tuesday. Micron, off 23 percent since December, traded recently at $27.68, down 3 percent.

Cleveland Research's Kevin Rottinghaus said the Boise, Idaho chip maker may have trouble meeting expectations for the second quarter. Its third-quarter guidance may also disappoint investors.

Rottinghaus, who maintained a Neutral rating on Micron, forecast that third-quarter contract pricing for memory chips related to the personal computer industry will be off 22 percent from a year earlier. Server memory will be off "in the low to mid single digits" while strong sales of Samsung's newly launched Galaxy S6 smart phone will be needed to prevent oversupply in the market for mobile memory chips, Rottinghaus said.

Looking into the second half of the year, "we're less convinced that mobile demand will be sufficient to drive pricing higher," Rottinghaus said.



To: The Ox who wrote (67893)3/17/2015 3:20:51 PM
From: Return to Sender2 Recommendations

Recommended By
Donald Wennerstrom
The Ox

  Read Replies (2) | Respond to of 95610
 
The VIX already has entered a period of much higher volatility.



I think the Fed is going to have a lot to say about what happens with the market with any change in wording tomorrow indicating a rise in interest rates is coming. Leave out that word "patience" and we could get even more volatility in the form of a deeper sell off.

There are a number of stock setting new highs lately but the number of new lows is still disturbingly high if you ask me.

RtS