MU GREAT Guidance on DRAM and NAND, stock has big pop!!
MU gives GREAT Guidance on DRAM and NAND
"Both DRAM and NAND are in healthy positions. I would say DRAM is driven primarily by a better supply balance with the existing demand in the industry," Adams told Reuters. "NAND is more continued growth in the demand side of the equation."
Consumers' growing preference for smartphones and tablets instead of laptops have hurt personal computer manufacturers, which traditionally have been major buyers of DRAM chips made by Micron and rivals like Samsung Electronics ….
Micron said it sold more DRAM chips in the fiscal second quarter than in the previous quarter, and that it also improved its gross margins thanks to lower manufacturing costs…
Shares of Micron rose 4.2 percent in extended trade after closing down 2.58 percent at $9.07."
We knew this was happening, and MU/Elpida will just continue to boost IMOS results in 2nd and 3rd qrts.
Two years, staying long and strong, 2013 is the payoff year, and beyond.
Much DRAM bit growth was Inotera who is not customer of IMOS so that is why DRAM not so great yet this season for IMOS. Maybe will be, maybe won't be. But I now #$%$ long with all of you. And right poetry too!