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

To: Knighty Tin who wrote (38513)	9/16/1998 11:08:00 AM
From: Bipin Prasad	Read Replies (2) \| Respond to of 53903

The Koreans may be obvious choices, but these are big, diversified cos. who can take advantage of any pop in several other markets to shore up their chip problems. What makes you think "big" will save their chips in Korea? Do you think their auto, construction, shipping, food, fashion subsidiaries are in good shape or rather they will pull semis further down like every single of them got "margin calls for a trader? later, InSook

To: Knighty Tin who wrote (38513)	9/16/1998 12:32:00 PM
From: phbolton	Read Replies (1) \| Respond to of 53903

MB: I think you are too optimistic about MU's future :) Prices have been stable this quarter.... after a 30% drop at the cusp between this and the previous quarter.... and MU is probably getting under $0.14 per Mbit ($72 per 64 Mbyte) for their product mix which is below the $0.17 they ended last quarter at (according to KipB) and way below the $0.28, or so, they started that quarter at. So average ASP was probably down 20-25+% quarter to quarter. Total DRAM market in dollars is continuing to contract, down 50+% year to year, and accelerating. Fearless prediction: chip revenues will be down 10-20% quarter to quarter into the $240-260 mil range. With fixed costs at $120+ mil the end may be in sight.