Market Currents
Micron (MU +3.3%) jumps in afternoon trading on a report from The Nikkei it will buy bankrupt...
-
Thursday, June 28, 2012, 2:07 PM ETMicron (MU +3.3%) jumps in afternoon trading on a report from The Nikkei it will buy bankrupt Elpida (ELPDF.PK) for ¥200B ($2.51B). The companies have been talking for months about a deal, which stands to improve industry-wide DRAM pricing by limiting capacity, while increasing Micron's economies of scale and strengthening its relatively weak position in the fast-growing mobile DRAM market. There are concerns, however, about the impact on Micron's balance sheet.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 2 comments:
Who would engage in this insanity unless they already had follow on plans?