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

To: Skeeter Bug who wrote (37948)	8/30/1998 6:23:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

09:07pm EDT 28-Aug-98 Montgomery Securities (J. Joseph 415 627-2925) MU INTC AM DRAM & Microprocessor Pricing Update NATIONSBANC MONTGOMERY*NATIONSBANC MONTGOMERY*NATIONSBANC MONTGOMERY DRAM AND MICROPROCESSOR PRICING UPDATE August 28, 1998 SEMICONDUCTORS Jonathan Joseph (415) 627-2925 Claude Hazan (415) 627-2845 DRAM pricing stable at higher levels. Despite the weak semiconductor tape late last week, broad DRAM broker input improved slightly at the end of the week, following a week of more lackluster interest. Buyers, who had taken a breather two weeks ago when prices spiked up, began to return to the market bidding 64Mbs up from about $9.50 to $9.75. One widely watched source, American IC Exchange, who has been at the high end recorded a 3% price increase for 64Mb PC-100 (100MHz) to $10.39 while 64Mb PC-66s fell 3% to $9.68. In the last six weeks 16Mb PC-66 prices have risen 38% while 64Mb PC-66 prices are up about 22%. Seasonally, we would expect September to be a better month as Micron begins a new fiscal year and Christmas buying becomes more serious. We continue to get indications that PC demand remains solid entering September. We retain our BUY rating on Micron (MU, $24-3/8, BUY), particularly following the recent pullback to the mid-$20s. Recent PC-66 DRAM Pricing 16 Mb 64 Mb 4Mx4 EDO 2Mx8 SDRAM 4Mx16 EDO 8Mx8 SDRAM Price % Change Price % Change Price % Change Price % Change 6/19/98 $1.55 Flat $1.49 Flat $9.23 +5% $8.64 +4% 6/26/98 $1.50 -3% $1.53 +3% $8.78 -5% $8.27 -4% 7/6/98 $1.44 -4% $1.44 -6% $8.98 +2% $8.11 -2% 7/10/98 $1.44 Flat $1.44 Flat $8.81 -2% $7.98 -2% 7/17/98 $1.44 Flat $1.44 Flat $8.60 -2% $7.88 -1% 7/24/98 $1.44 Flat $1.44 Flat $8.45 -2% $7.83 -1% 7/31/98 $1.49 +4% $1.78 +24% $8.64 +2% $8.68 +11% 8/7/98 $1.65 +11% $1.78 Flat $8.64 Flat $9.13 +5% 8/14/98 $1.88 +14% $2.15 +21% $8.64 Flat $9.91 +9% 8/21/98 $1.80 -4% $2.12 -1% $8.69 +1% $9.89 -0.2% 8/28/98 $1.78 -1% $1.99 -6% $8.69 Flat $9.58 -3% Source: NationsBanc Montgomery Securities LLC, American IC Exchange. Recent PC-100 DRAM Pricing - 64Mb 8Mx8 SDRAM 16Mx4 SDRAM 4Mx16 SDRAM Price % Change Price % Change Price % Change 7/31/98 $9.59 Flat $9.80 Flat 8/7/98 $9.69 1% $9.80 Flat 8/14/98 $10.00 +3% $9.95 +2% $9.31 8/21/98 $10.09 +1% $10.75 +8% $9.54 +3% 8/28/98 $10.39 +3% $10.75 Flat $10.14 +6% Source: NationsBanc Montgomery Securities LLC, American IC Exchange. Message 5624746