Micron (MU +3.3%) jumps in afternoon trading on a report from The Nikkei it will buy bankrupt...


Micron (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.

From other sites
Comments (2)
  • marden23
    , contributor
    Comments (63) | Send Message
     
    still losing $100mm a month and now they are buying another losing operation---all in the hope chip prices will be higher one day
    28 Jun 2012, 03:24 PM Reply Like
  • Russ Fischer
    , contributor
    Comments (3018) | Send Message
     
    Yeah, sounds dumber than hell, doesn't it?
    Who would engage in this insanity unless they already had follow on plans?
    28 Jun 2012, 08:23 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs