Following Micron's (MU +5.2%) purchase of Elpida, the DRAM industry will have mostly consolidated around Micron, Samsung (SSNLF.PK), and Hynix (HXSCF.PK). That's fueling hopes the industry will not longer witness the kind of brutal price war it saw last year. But DRAM is notoriously cyclical, and, barring actions that would upset regulators, it's likely to remain that way. Much will still depend on how well mobile DRAM demand offsets a PC market that could remain weak for a long time.
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