Memory Chip Makers on the Upswing -- Micron and MIPS Technologies See Greater Demand
29 February 2012 - 12:20AM
Marketwired
Semiconductor stocks have performed well this year as industry
heavyweights take action to balance supply and demand. The SPDR
S&P Semiconductor ETF -- which represents the Semiconductor
sub-industry portion of the S&P Total Markets Index -- is up
more than 18 percent year to date -- easily outperforming the Dow
Jones Industrial Average. Five Star Equities examines the outlook
for companies in the Semiconductor - Memory Chips Industry and
provides equity research on Micron Technology, Inc. (NASDAQ: MU)
and MIPS Technologies Inc. (NASDAQ: MIPS). Access to the full
company reports can be found at:
www.fivestarequities.com/MU www.fivestarequities.com/MIPS
Earlier this month the price of 2Gb (gigabit) DDR3 DRAM die
memory used in laptops and desktops fell to an all-time low of less
than one dollar. "We're at a historical all-time low, yes," said
Mike Howard, senior principal analyst at IHS iSuppli. Although the
DRAM industry fundamentals are weak, memory makers are taking
corrective action to balance supply and demand, iSuppli's Howard
said. Some of the existing manufacturing capacity is coming offline
to reduce output. Howard warns, however, that prices could continue
to fall as long as the cost of making memory drops.
Five Star Equities releases regular market updates on the
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Micron Technology's president Mark Adams told analysts that DRAM
prices have finally bottomed out after a prolonged recession in
memory prices. This quarter, prices of DRAM chips are still
dropping as much as 20 percent, Brian Shirley, head of Micron's
DRAM solutions business, said in a presentation to analysts. That's
in line with the company's earlier projection. Demand, rather than
too much supply, remains the problem, he said.
MIPS Technologies, Inc. provides industry-standard processor
architectures and cores for digital home, networking, and mobile
applications primarily in the United States, Japan, the Pacific
Rim, and Europe.
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