Micron Technology Inc. Message Board

BAD NEWS

DRAMs: Sold out
By Jack Robertson

Electronic Buyers' News
(10/08/99, 04:36:51 PM
EDT)

For the first time in recent memory, DRAM from most
major vendors has been placed on allocation, a clear
sign to customers that the four-year era of ample
supply and swooning prices has for now drawn to a
close.

Micron Technology Inc. last week broke the ice by
uttering the �A� word, telling Wall Street investors that
it is sold out of DRAM for the fourth quarter. And a
number of other DRAM producers have placed OEM customers
on allocation following the market's sudden U-turn
from the oversupply situation that just this summer
fed rivers of low-cost chips into the OEM channel.


Of the leading DRAM makers polled by EBN, only
Samsung Electronics Co. Ltd., the largest global
producer, shied away from claims of allocated supply.

The morning doesn't look good. I think the stock may open between $62 & $63, any predictions?

Not sure what will happen, the market sure seems
to want to go down. Bonds aren't helping. Intel
might be as good an excuse as any.

Still, 20,000
MU OCT 70 put contracts tell me that MU will be back
to $70 by Friday. I will be very amazed if MU is
under $70 by the close on Friday.

I tried to buy
puts on NVLS today but I was too cautious (and too
busy) and did not get any fills.

Land_Lubber

up tomorrow.

that is the rule of Wall Street.

I am ready to buy at openiing tomorrow.

last 65 1/16, 100 shares.

WATCH OUT BELOW!!!

intel missed by .02 look for mu to follow intel down.

I don't like this market. I'm shorting 1000 shares at the open, then praying that the market crashes. Comments?

last 1/2 hour,trying to make the close look not too bad, and
it got sold into at the close anyway. Have I got this right?
Comments are welcome.