Building new fab is right down that path.Take off the blinders and see it for what it is.Never believe company news just the new fab.With much higher output im sure.
Thank you to the 'warrier' for finding this and sharing it. It strikes me now that all MU has to do is issue a press release copying most of this article, replace the name SK hynix with Micron Technology (MU) edit the geography and republish for the benefit of Micron and it's stock holders.... kg
The Street continues to react to a report yesterday that DRAM maker SK Hynix (000660KS) may increase its manufacturing capacity in 2014, threatening prices of the chips for all vendors.
Mark Newman, who follows Samsung Electronics (005930KS) and Toshiba (6502JP) on behalf of Bernstein Research, writes that “there is once again concern that SK Hynix is adding DRAM wafer capacity.
“This could not be further from the truth as the company has already been saying for months that they would need to replace its very old M10 fab that cannot support technology migration once SK Hynix reaches 20/21nm and beyond.”
Micron Technology (MU), whose shares had sold off on that report, are today up 19 cents, or 0.9%, at $22.
Speaking of chips, Cowen & Co.’s Tim Arcuri this morning offers up findings of a panel he hosed at one of the firm’s recent conferences, in which the topic was “3-D NAND” flash memory. He thinks Samsung may have 10% of its production in 2014 in 3-D NAND, which may, he thinks, spur others, such as Micron and Hynix. to accelerate their own time frames for the new technology.
Sentiment: Strong Buy
I agree, I saw the articles, right they are planning a new plant, usually this things run behind schedule so it will be way later than that. Amazing how the price of the stock can be affected on such a weak event?
Agree with your comments but let me caution you ... the four more dangerous words in investing is the title of your thread :-)
memory has not been in short supply in at least ten years. combination of fewer suppliers,no nation that feels aneed tomake memory even if its not profitable, variety of products with different functions, and theimportance of theattributes of flash in many popular products will make history little use. It s going to be fun long term ride.
roman: If the stock goes down on a genuine reason, I have no problem. Yesterday article was pure speculation and short paid article. When an article says from unknown source, then you know it is a BS. Unfortunately, many traders bought such article. Good luck.
When I say 25 its more like 25+ yes we had a blood bath but that was more news related. Would you say that was a technical correction? Id like to see it stay in the 23 range but just like you said theres tax selling, uncertainty, etc.
you must be day trading it if you watch it hourly, you can make a killing if ya know how to day trade
This specific enough? Just one guys opinion (in Barron's). Piper Jaffray’s Jagadish Iyer reiterates an Overweight rating on the stock, writing that there is no real new capacity that will be added, and that “rational supply still remains the focus of memory players:
We believe that while Hynix has not officially confirmed or denied the news out this morning, publicly they do acknowledge that there is no new net capacity being added. We believe the M10 capacity of 125k wafers/month could be moved from an older facility into a new state of the art facility that Hynix could be planning to build and potentially some of the M10 capacity could be used for other products and/or R&D and would be phased in over time.