Home Micron Falls: DRAM Prices Weak, Says Morgan Stanley, Apple's iPhone Notwithstanding
 

Keywords :   


Micron Falls: DRAM Prices Weak, Says Morgan Stanley, Apple's iPhone Notwithstanding

2015-06-15 17:14:56| Semiconductors - Topix.net

Shares of DRAM and NAND maker Micron Technology are down $1.11, or 4.4%, at $24.02, after Morgan Stanley's Joseph Moore cut his rating on the shares to Underweight from Equal Weight, and cut his price target to $21 from $30, writing that a build-up in DRAM memory chips and a ratcheting-back of DRAM use in mobile devices means pricing and volume will be weak. Pricing of DRAM, based on his "checks" with entities in Taiwan, is weak in PC, servers , and in graphics applications, writes Moore: Everyone we talked to believed that PC, server, and graphics pricing will remain under pressure in 3q, and several believed it will remain pressured all year, while others were more optimistic about a seasonal recovery in 4q.

Tags: prices falls morgan weak

Category:Electronics and Electrical

Latest from this category

All news

»
08.11Nissan to lay off thousands of workers as sales drop
08.11Hurricane Rafael Graphics
08.11Hurricane Rafael Wind Speed Probabilities Number 18
08.11Hurricane Rafael Forecast Discussion Number 18
08.11Hurricane Rafael Forecast Advisory Number 18
08.11Hurricane Rafael Public Advisory Number 18
08.11Summary for Hurricane Rafael (AT3/AL182024)
08.11Up close with the 300 tonne driverless trucks
More »