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

To: DJBEINO who wrote (37717)	8/21/1998 4:19:00 PM
From: Kathleen capps	Read Replies (3) \| Respond to of 53903

Today's commentary: Hardest hit in the sector was Micron Technology (MU:Nasdaq), which got whacked with an 11% sell-off on concern that a recovery in prices for its DRAM chips wouldn't last long. Since mid-June, Micron's share price had rallied 80% on evidence of stable DRAM prices. "I didn't think the firming in DRAM prices was anything sustainable," said Shekhar Wadekar, an analyst at Raymond James. " If you want to play the DRAM industry you have to take a very long-term view." (Raymond James has not had an underwriting relationship with Micron.)