Micron (MU +3.2%) is rallying after Taiwanese DRAM vendors Nanya and Inotera report M/M...

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Micron (MU +3.2%) is rallying after Taiwanese DRAM vendors Nanya and Inotera report M/M increases of 20.4% and 5.7%, respectively, for their October revenue. On a Y/Y basis, both companies, who have been bleeding cash, saw their sales decline. Meanwhile, Powerchip continues to shift manufacturing capacity away from PC DRAM, something that could improve the depressed market's supply/demand balance.