15.00, the PPS was 35.00. Micron needs a new CEO and Board Members. Anyone CEO who can drop a PPS more than 65%, isn't getting the job done. In sales, when you fail to meet quota, you get a pink slip. This CEO has to go.
MU is going lower. Best to stay away from any aspect of it. They are going to have to prove they have turned the corner, but it won't be anytime soon. They might by Q1 Fiscal 2017 though, but thats being optimistic. I thought I might get in around Sept. but not anymore. Its going lower between now and November.
It was big news. The stock shot up into the 30s. Regulatory hurdles and concerns about giving up such advanced technology to the Chinese blocked this. MU is a very desireable buyout candidate - especially at this ridiculously low price. With a domestic buyer, like an Apple, the stock could triple.
The Connected Home Is Micron's Next Growth Frontier
Posted by Nicholas Mushaike on May 02, 2016
The Connected Home is necessary to allow consumers to save money and time moving forward.
Micron has already started "seeing increased DRAM demand in Connected Home segment.".
Micron's 20nm technology, Inotera acquisition & 3D XPoint will enable it to gain more sales in the Connected Home segment.
The Connected Home Is Micron Next Growth Frontier
The big question in this article hinges on whether or not the Connected Home Segment could be one of Micron Technology's (NSDQ:MU) next growth frontiers.
"Our Industrial multi-market segment, we’re seeing good design-in activity of our M500 IT industrial SSDs and specialty DRAM. And in the Connected Home segment, we’re seeing increased DRAM demand from key set top box customers in both Asia and North America." - Micron's Second Quarter Fiscal 2016 Financial Results.
The big question stems from Ernie Maddock's (Micron's VP, Finance and CFO) remarks during Micron's Q2 2016 earnings call. He stated that Micron is "seeing increased DRAM demand from key set top box customers in both Asia and North America."
These remarks are critical for Micron because DRAM sales represent 54% of Micron's total revenues as of Q2 2016. The breakdown of DRAM sales are as follows: Mobile was in the low 20% range, the PC segment was in the mid-20% range, the server business was in the low 20% range and specialty DRAM, which includes Networking, Graphics, Auto and other embedded technologies, was in the high 20% range. Therefore, any growth driver for Micron's DRAM is paramount to the companies future.
But what exactly is the Connected Home Segment? Why does it matter? And how does Micron fit into the picture?
A "Connected Home" or a "Smart Home" is a way of providing home owners with comfort, energy efficiency and convenience.
Sentiment: Strong Buy
I read this information somewhere, anybody see this before? If this is true, why the stock goes nowhere? or maybe it is just rumor somewhere in the air?
Old memory chips do the same job as new "revolutionary" chip. The latter makes it better, i.e. faster with greater unit capacity, promising technological improvement. On the other hand it is not proven yet in mass production and it is costlier than old stuff.
Do you see it now? It is all common; normal technological progress. No overnight jumps; steady moving ahead instead.
but why would any business that uses memory chips be buying chips now, when they know that a revolutionary new memory chip will be available soon?? ie...3DXpoint
I'm back in. Strong $10.50 support. Should see $11.50 by EOW. Then possibly back to $10.50 again next week. Rinse, wash, repeat.
Sentiment: Strong Buy
From $12.40 to $10.40 in two days!
There aren't a lot of stocks that can pull such a remarkable feat as that off but MU has noooo problem doing it.