Why Micron Technology Is a Good Buy
posted by nnejamison 176 days ago under micron associates, micron associates barcelona spain, why micron technology is a good buy
Micron Technology (Nasdaq: MU ) has been plagued with falling revenue in its DRAM solutions segment for quite some time. The company's first-quarter results saw a 7.2% decline in revenue to a little over $2 billion mainly because of falling DRAM prices. However, I feel that the company could be a good bet for the long run. Why?
Let's take a closer look. DRAMmed results DRAM prices have been suffering for a number of years. But as of late, the DRAM industry has witnessed something that would make prices move north. Recently, the world's third-largest DRAM memory maker, Elpida, filed the largest bankruptcy ever in the history of Japanese manufacturing. The immediate fallout of this news was a sharp speculative rise in DRAM prices. The reason for this is that if Elpida goes down, it would pull roughly 12% of the global supply for DRAM chips out of the market. This would result in reduced supply, which would in turn push prices up. » Why Micron Technology Is a Good Buy |
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