Categorized | Featured Posts

Micron: Elpida Deal May Trigger 40% Gain

Micron: Elpida Deal May Trigger 40% Gain

It is really bad news for a company of Micron Technology’s (MU) stature when you hear that one of its products, the DRAM, is on the way down due to low demand. Not to mention that it has just announced a new module of the product for release later this year (companies can thank the smart phone and tablet PC demand for the lesser need for huge HDDs and the sort) and was only saved by a company going bankrupt. However, Micron has much to gain from Elpida Memory’s bankruptcy aside from taking out one of the more active competitors on the market (more on that in a few paragraphs).

So, how is Micron coping with one of its prime products going down the drain and becoming untenable within the next few quarters? Surprisingly well. One investment firm recently rated the stock as “outperform”. Another firm even went as far as to give it a “buy” rating in its research report (having to do with Elpida). This does not seem to be the overall sentiment, as several analysts have had different opinions about this company, though. That could be your warning signal right there – several experts can’t seem to agree on what exactly the stock is worth.

However, this flux for Micron does not seem to be the case for rival companies. Integrated Silicon Solution (ISSI) just had a “buy” rating reaffirmed by another rating company.To continue reading, click here.

This new article was written by:

Leave a Reply

Categories