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Thursday, February 7, 2008

Micron says inventories low, prices rising

At their analyst conference today, Micron indicated inventories in NAND are at 2 weeks and inventory in DRAM are at 3 weeks. They said inventories can't go much lower. They also said recent contract negotiations with PC manufacturers have gone well and they were able to raise prices.

Stock is bid up a bit. It probably has more room.

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