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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Richard Russell who wrote (28739)	2/21/1998 2:38:00 PM
From: Jeff Leader	Respond to of 53903

Richard - I haven't seen a fullblown research report on Micron from Gumport for a few weeks, so I don't recall his target. I doubt that it's 75 anymore, even if it once was. Gumport does predict firming DRAM prices later this year, however. Gumport's 2/20 price update: "DRAMs NOW TRENDING DOWN. 64 Mbits began to move down a few weeks ago. While 64 Mbit pricing in recent days has been flat, the downtrend of the past month is now beginning to be reflected in 16 Mbit trends, too: In the last several days, 16Mbits have softened with many configurations down 2%-20% over the past week. One source indicates large quantities are now appearing from LG Semiconductor, Micron and Hyundai. The current softer trend is confirmed anecdotally in talks with MU-$33 15/16-4 and ALSC-$6 3/8-2." This seems to confirm what Jerry has been saying.