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Actionable news in FCS: Fairchild Semiconductor International, Inc.,

Micron Technology, Inc. (NASDAQ:MU) on Fundamental Obstacles Still Under Analysts Attack- Fairchild Semiconductor International Inc. (NASDAQ:FCS), InvenSense, Inc. (NYSE:INVN)

Research Firm, Sterne Agee initiated a buy rating for Micron Technology, Inc. (NASDAQ:MU) [Detail Analytic Report] stock and set a price target $23 for the stock. Sterne Agee stated that it believes the fundamental obstacles from slow PC sales, lack of cost leadership, and near-term margin pressure are already priced into the firm’s stock. Sterne Agee believes shareholders will increasingly value the firm’s ability to close the technology gap with peers in the coming 3 to 6 months, which could offer support to shares. Analysts at Sterne Agee stated that they believe the firm has struggled to keep pace with peers in DRAM and NAND cost per bit metrics, as a result they have experienced margin compression from nominal oversupply conditions. The most simple of supply demand balance equations are complicated in the memory market as technology advances require large amounts of capital and scale to remain competitive. While moving the firm from weakest positioned to leadership is likely to take some technology transitions and prudent investment of capital resources, the process does appear to have begun with large capital investment in next year, to advance DRAM node...


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