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

To: Sam who wrote (81170)	9/20/2018 8:07:53 AM
From: Elroy	Read Replies (1) \| Respond to of 95572

Hynix’s management also seems to target industry-average supply growth (DRAM 20%, NAND 40%) despite record high capex in 2018 (YoY incremental spending mostly used for non-WFE, in our view). I wonder if we should take Hynix at their word when they discuss supply growth. If they want to grow their supply 50%, what benefit would it be to them to advertise that to the world? It makes their customers aware of lots of supply coming on line, and therefore demand lower price. It is in Hynix management's interest to actually target 60% supply growth, but tell the world they only plan to grow supply by 40%.

To: Sam who wrote (81170)	9/20/2018 9:07:13 AM
From: Sam	2 Recommendations Recommended By Donald Wennerstrom Return to Sender Respond to of 95572

Here is S.A.s note on Notable Call's note on Merrill's report: BofA out positive on Micron after DRAM/NAND meetings Sep. 20, 2018 8:50 AM ET\|By: Brandy Betz, SA News Editor Bank of America Merrill Lynch is out positive on Micron (NASDAQ: MU) following a meeting with Samsung ( OTC:SSNNF, OTC:SSNLF), SK Hynix ( OTC:HXSCF, OTC:HXSCL), and equipment vendors. BofAML notes that Samsung is experiencing product bottlenecks with low inventories for DRAM (one to two weeks for chipmakers versus normal three to four weeks) and NAND has fallen back to four weeks. The firm sees stable DRAM ASP, solid demand for server DRAM, and record high profits sustainable due to the combination of ASP, cost, and volume. BofAML sees a decent upside for Micron’s DRAM earnings on higher ASP. The firm reiterates a Buy rating and $100 price target. Source: Notable Calls. Micron shares are up 2.6% premarket to $46.22. The company reports earnings today after the close. Competitor Intel (NASDAQ: INTC) is up 1.2% to $46.72 while Western Digital (NYSE: WDC) gains 1.7% to $59.40. seekingalpha.com