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Micron Technology: DRAM Prices Continue To Plummet

Summary

Most sell side analysts think the May quarter could be the trough.

There have been some positive recent comments (and reactions) to SK Hynix and Samsung trimming their aggressive capital expenditure forecasts.

Inotera, in one of its last standalone reports, has moved to a loss position.

Micron Technology (NASDAQ:MU) stock reacted well when competitor SKHynix (OTC:HXSCF) said their capital expenditure numbers would be a little softer than previously forecast. But since that April 26th report, Micron's DRAM production partner, and soon to be merger partner, Inotera, in one of their last earnings releases as a separate company, reported their first loss in three years. As Digitimes wrote:

Inotera has announced operating loss of NT$908 million (US$28.1 million) on consolidated sales of NT$10.81 billion for the first quarter of 2016. The company swung to net loss of NT$1.56 billion in the first quarter with EPS turning to negative NT$0.24.

The results marked Inotera's first quarterly loss in three years.

Inotera's revenues for first-quarter 2016 were down 7% on quarter, due mainly to "a...


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