NAND flash contract prices decline

DRAMExchange is quoting NAND contract for the second half of February down 4-6%. End markets are weak and retail inventories seem likely to be high in this environment. I continue to recommend avoiding companies in the memory supply chain with the exception of Micron, where I think CMOS sensor market share gains, NAND flash accounting and reduced spending by competitors in commodity DRAM will benefit the company on a relative basis.