|Micron will move much higher|
|with DRAM and Flash IC price hit the record low we should see the pick soon|
Micron Technology (NYSE: MU) manufactures dynamic random access memory (DRAM), NAND flash memory, and complementary metal oxide semiconductor (or CMOS) image sensors. DRAM and NAND provide memory storage and retrieval for various electronic devices such as personal computers and MP3 players; iPod Nanos, for example, utilize NAND memory to store songs. CMOS sensors are used to produce images for camera phones, digital camers, and other imaging devices.
Historically, Micron has been heavily DRAM-oriented. Dangerous oversupply of DRAM memory has forced selling prices to drop between 24% - 60% per year. This immense downward pricing pressure has forced Micron to diversify its product portfolio and produce more NAND and CMOS products.(Read more at Wikinvest )