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

To: Skeeter Bug who wrote (45362)	4/23/1999 9:10:00 PM
From: nolimitz	Read Replies (2) \| Respond to of 53903

I wonder who is still in EDO. just a "bit" to think on Monday April 19, 1999 Increased demand on EDO mode DRAM product is pushing pricing higher in all capacities. 4MX4 EDO 2K REF 5V SOJ in 16 MEG and 8MX8 EDO 4K REF 3V TSOP in 64 MEG are the most visible examples. Availabilities are tightening on 16MX4 SYNCH 4 BANKS 3V TSOP and its pricing are higher in todays trading.

To: Skeeter Bug who wrote (45362)	4/23/1999 11:13:00 PM
From: TREND1	Read Replies (2) \| Respond to of 53903

Skeeter I am sure you know that DRAM demand is going up about 70%, but supply seems to be going up faster...so price must fall DEMAND = SUPPY Where price is the equal sign Or have you forgotten ? Larry Dudash

To: Skeeter Bug who wrote (45362)	4/24/1999 2:14:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Micron Technology share price reflects DRAM price falls -- analyst SAN FRANCISCO (AFX) - Micron Technology Inc's share price has largely discounted the recent decline in DRAM prices, Gerard Klauer Mattison analyst Jack Geraghty said. Micron closed up 15/16 at 37-7/8, while the Dow Jones industrial average closed down 37.51 points at 10,689.67 and the Nasdaq composite index ended 28.77 points higher at 2,590.31. "If the stock does not reflect a worst-case scenario (for DRAM prices), it's a close second place," Geraghty said. He noted that Micron's shares have fallen over 50 pct since Feb 4, when they reached a high of just over 80 usd. According to industry sources, prices for 64 megabit PC100 SDRAMs fell this week to 7.50 usd from around 9.50 usd at the beginning of the year. Geraghty said that the completion of the merger between Hyundai Inc and LG Semicon Ltd is unlikely to have a negative impact on Micron, as it appears that the combined entity is still looking for financing to expand capacity. Also, Micron will oppose any proposal that IMF financing be used to expand chip capacity, Geraghty said. Geraghty said it is not clear which producers are responsible for the growth in DRAM supply, but noted that personal computer demand has entered a seasonally slow period. "It could possibly be Taiwanese producers, or fabrication plants where Japanese companies have outsourced production," the analyst said. He added that Japanese DRAM producers, such as NEC Corp and Matsushita Electric Industrial Co Ltd, who were expected to reduce production after the end of the Japanese fiscal year to March, could be behind the "incremental supply." Earlier this week BancBoston Robertson Stephens analyst Dan Niles lowered his Micron rating to a long-term attractive from strong buy. In a note to investors, Niles said he has lowered his EPS estimates for the third quarter to May to 7 cents from 23 and to 24 cents for the year to August from 75 cents, based on the decline in DRAM prices. "Pricing following the end of the Japanese fiscal year-end continues to fall and now is in the low 7 usd" range, Niles said. "We believe that at current prices, many vendors are once again heading toward breakeven profitability. The next demand pick-up likely will be in the pre-back-to-school season. As a result, we anticipate becoming more bullish on the stock around August," he added. Geraghty expects Micron to report full year EPS of 62 cents, compared to consensus expectations of 44 cents