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Micron (MU -0.2%) is down slightly on an up day for tech after receiving a downgrade to...

Micron (MU -0.2%) is down slightly on an up day for tech after receiving a downgrade to Underperform by CLSA. The downgrade comes as Micron advances its enterprise ambitions by announcing a new PCI-Express flash module for servers and storage gear - like SanDisk (SNDK), Micron is counting on its ability to obtain NAND flash at cost to help stand out in a crowded market featuring Fusion-io (FIO), STEC, Intel, and Marvell, among others. Yesterday, Morgan Stanley reiterated an Overweight on Micron and SanDisk, arguing investment plans and equipment order activity indicate NAND capacity will remain tight in 2013.
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Comments (4)
  • tderek
    , contributor
    Comment (1) | Send Message
     
    Look at the insiders sale of their holdings of this company will give you little of confidence to hang on to this stock!
    2 May 2013, 01:50 PM Reply Like
  • Russ Fischer
    , contributor
    Comments (2555) | Send Message
     
    Who is CLSA? Part of the 10% short position in trouble?

     

    Micron doesn't have to worry about obtaining NAND flash at cost. Unlike many of the companies mentioned Micron makes their own NAND flash memory.
    2 May 2013, 01:53 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1047) | Send Message
     
    Micron is not down anymore. Someone used this downgrade to get themselves some cheap shares.
    2 May 2013, 02:34 PM Reply Like
  • Russ Fischer
    , contributor
    Comments (2555) | Send Message
     
    Looking at the number of shares those insiders have retained will make you sleep a little better.
    2 May 2013, 02:41 PM Reply Like
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