- Micron (MU) thinks Friday's Japanese earthquake (6.2 on the Richter scale) will affect its DRAM output by a low-single digit percentage over the next 90 days.
- RBC (Outperform) estimates the quake could affect May quarter revenue and EPS by $50M and $0.02, respectively, and potentially affect its near-term market share.
- At the same time, the firm thinks the quake could have a stabilizing impact on DRAM prices, which have come under pressure after a very strong 2013 fueled by industry consolidation, strong mobile DRAM demand, and a September fire at an SK Hynix (HXSCL) fab.
- TrendForce estimates Micron had a 23% Q4 DRAM share. Industry giant Samsung (SSNLF, SSNGY) had a 48.9% share, and Hynix a 25.9% share.