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

To: Earlie who wrote (30468)	3/17/1998 5:39:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 53903

tom "i'll shellac dolt investors" kurlack piled on after the bell.. Tuesday March 17, 4:48 pm Eastern Time RESEARCH ALERT-Merrill chip analyst sees price war NEW YORK, March 17 (Reuters) - Chip market oversupply, weak pricing and slow market growth are likely to depress semiconductor stocks versus the overall market for the rest of the year, Merrill Lynch analyst Thomas Kurlak said Tuesday. In a research note, Kurkak said the unfavorable market conditions could drive stock prices in the industry to new lows this summer as companies struggle to overcome slowing demand for end products, particularly personal computers. In addition, prices for 64-megabyte Dynamic Random Access Memory (64 Mb DRAM), which are replacing older lower-cost 16Mb chips in the market, are already falling and a price war could erupt in the highly competitive DRAM market, Kurlak argued. In a note outlining his neutral rating on DRAM giant Micron Technology (MU - news), Kurlak said, ''It is still not too late for investors to avoid what is shaping up to be a 64 Mb bloodbath, in our opinion.'' Overall semiconductor market growth is expected to remain ''below trend'' for another one or two years, he said. ------ may be another poor market for mu tomorrow and going forward. one question. are they buying the dips or are the dips buying? ;-)