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To: Return to Sender who wrote (80579)	7/25/2018 12:24:23 AM
From: Sam	3 Recommendations Recommended By Donald Wennerstrom oldbeachlvr Return to Sender Respond to of 95596

Asian chipmakers' production plans in focus as super-cycle winds down July 24, 2018 07:15 PM ET By Ju-min Park SEOUL (Reuters) - Asian memory chipmakers' production plans and outlook will be closely watched as they start reporting earnings this week, following sharp falls in their stock prices due to concerns that a 2-year industry super-cycle may be skidding to a halt. The $121 billion global memory chip industry has enjoyed an unprecedented boom since late 2016, with profits surging to record highs and margins rising above 70 percent thanks to disciplined production after years of consolidation. But the industry's shift to a newer technology of 3D NAND flash stacks - which are cheaper to assemble than outgoing two-dimensional chips - has seen output grow faster than demand this year and forced smaller players to aggressively cut prices to keep market share. Average NAND flash memory chip prices have nearly halved from a peak in 2017, and concerns of further declines sent shares of the major producers such as South Korea'sSK Hynix <000660.KS> down 7 percent on Monday. NAND flash memory chips, used for longer-term data storage, are found in mobile devices as well as memory cards, USB flash drives and solid-state drives. "The margins are getting worse mainly because the average selling price decrease turns out to be much faster than cost reductions," said Alan Chen, director at market research firm DRAMeXchange. He forecast the price decline would continue for the rest of this year. Nomura estimates supply of NAND flash chips will grow about 40 percent to 50 percent this year, just as demand eases off due to slowing global smartphone sales, causing prices to decline by nearly 20 percent. DRAM BUSTERS Prices of DRAM memory chips - which help servers, gaming PCs and cryptocurrency mining devices process large amounts of streaming data - are up more than 20 percent this year. But they are losing momentum amid a Chinese price-fixing probe against industry heavyweights such as Samsung Electronics Co Ltd, and Beijing's drive to build home-grown chip champions to cut its reliance on foreign supplies. Beijing has made the semiconductor sector a priority under its "Made in China 2025" strategy, and three firms - Yangtze Memory Technologies Co Ltd, Innotron Memory and Fujian Jinhua Integrated Circuit - are getting ready to mass-produce memory chips, according to analysts. "Until the first half of next year, Chinese firms' production scale will be small but as their yield rate gets better and leads to increased output, that will influence the semiconductor market from the second half of next year," said Song Myung-sup, an analyst at HI Investment & Securities. Andrew Norwood, lead analyst at Gartner, said China's entry into the market could be one of the factors behind a move by Samsung to aggressively expand capacity. He said 2020 and 2021 would see "significant revenue reductions". Others are more optimistic, pointing to demand from data centers and new technologies such as 5G mobile network and autonomous driving. "Although profit growth momentum is likely to disappear, we believe an operating profit level of $90 billion can be sustained in 2019, instead of crumbling down badly," BNP Paribas analyst Peter Yu said in a recent report. "The fat and steady profit is the new norm for the memory industry." Samsung, the world's top chipmaker, is expected to post a record profit of 12.5 trillion won ($11 billion) from chip sales in the quarter ended in June, up 50 percent from a year ago. Its hometown rival SK Hynix is also likely to report a 74 percent jump to a record 5.4 trillion won. Hynix reports earnings on July 26, Samsung on July 31, and Japan'sToshiba Corp <6502.T> on Aug 8. ($1 = 1,133.9000 won) (Additional reporting by Heekyong Yang; Editing by Miyoung Kim and Stephen Coates)

To: Return to Sender who wrote (80579)	7/25/2018 12:53:28 AM
From: Gottfried	3 Recommendations Recommended By Donald Wennerstrom Kirk © Return to Sender Respond to of 95596

Who Just Beat the Bay Area in Tech Jobs? Toronto by Natalie Wong and Stefanie Marotta Toronto’s tech scene is so hot the city created more jobs than the San Francisco Bay area, Seattle and Washington, D.C., combined last year, while leapfrogging New York in a ranking of “talent markets.” https://www.bloomberg.com/news/articles/2018-07-24/toronto-beats-bay-area-in-new-tech-jobs-and-new-york-in-talent

To: Return to Sender who wrote (80579)

7/26/2018 11:39:52 PM

From: Return to Sender

1 Recommendation

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Read Replies (1) | Respond to of 95596

55% Upside Volume on the NYSE - 49% Downside Volume on the NASDAQ:

wsj.com

Thursday, July 26, 2018
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.

NYSE	Latest close	Previous close	Week ago
Issues traded	3,077	3,084	3,068
Advances	1,740	1,854	1,771
Declines	1,219	1,113	1,185
Unchanged	118	117	112
New highs	137	91	81
New lows	31	57	40
Adv. volume*	453,564,079	506,758,980	329,480,960
Decl. volume*	345,951,808	275,103,152	383,193,053
Total volume*	813,774,098	793,446,254	732,701,304
Closing tick	+20	+58	-358
Closing Arms (TRIN)†	1.12	0.98	1.67
Block trades*	7,036	6,614	6,715
Adv. volume	1,989,875,161	2,191,894,573	1,488,231,195
Decl. volume	1,562,786,501	1,284,383,619	1,660,425,396
Total volume	3,614,153,980	3,528,274,184	3,217,561,903
Nasdaq	Latest close	Previous close	Week ago
Issues traded	3,135	3,090	3,120
Advances	1,635	1,664	1,596
Declines	1,346	1,269	1,368
Unchanged	154	157	156
New highs	122	79	118
New lows	67	81	46
Closing tick	+178	-95	-987
Closing Arms (TRIN)†	1.22	0.75	1.40
Block trades	7,826	6,350	7,033
Adv. volume	1,107,023,361	1,162,851,870	817,300,108
Decl. volume	1,107,893,850	663,148,123	980,219,899
Total volume	2,242,962,721	1,851,367,885	1,827,484,265
NYSE American	Latest close	Previous close	Week ago
Issues traded	319	314	318
Advances	151	144	144
Declines	138	136	153
Unchanged	30	34	21
New highs	5	4	3
New lows	12	11	7
Adv. volume*	6,869,546	6,864,174	8,230,153
Decl. volume*	6,036,774	5,078,762	3,497,717
Total volume*	13,201,625	12,318,988	12,075,390
Closing tick	+26	+7	-85
Closing Arms (TRIN)†	1.14	0.60	0.52
Block trades*	145	111	121
Adv. volume	70,368,463	78,449,961	73,388,593
Decl. volume	73,060,785	44,770,865	40,677,306
Total volume	145,443,074	128,884,112	121,602,171
NYSE Arca	Latest close	Previous close	Week ago
Issues traded	1,354	1,340	1,334
Advances	707	1,056	539
Declines	603	242	771
Unchanged	44	42	24
New highs	37	46	40
New lows	8	14	59
Adv. volume*	76,879,026	185,651,130	84,270,848
Decl. volume*	140,950,491	23,909,460	164,612,007
Total volume*	220,349,743	210,126,789	249,217,609
Closing tick	+6	Ge0eral	-40
Closing Arms (TRIN)†	1.64	0.72	1.29
Block trades*	1,190	1,383	1,501
Adv. volume	395,318,345	862,846,278	361,095,733
Decl. volume	553,147,462	142,038,452	667,573,762
Total volume	964,862,379	1,012,625,884	1,031,312,862

*Primary market NYSE, NYSE American or NYSE Arca only. †Compares the ratio of advancing to declining issues with the ratio of volume of shares rising and falling. Arms Index or TRIN = (advancing issues / declining issues) / (composite volume of advancing issues / composite volume of declining issues.) Generally, an Arms of less than 1.00 indicates buying demand; above 1.00 indicates selling pressure.

RtS