9:06am ET
Investing
A Very Favorable View on Micron-Elpida
Micron Technology Inc. (NASDAQ: MU) saw a bump up in its share price of less than 3% on its securing the Elpida merger out of bankruptcy in Japan. What Micron is getting here…
MU Coverage Page 114
8:55am ET
Investing
Micron Buys Bankrupt Japanese Chipmaker (MU, AAPL, SSNLF)
Following a second round of bidding for Japan’s failed Elpida Memory Inc., Micron Technology Inc. (NASDAQ: MU) has signed an agreement to purchase the DRAM maker for $2.5 billion, the same price…
4:06pm ET
Investing
24/7 Wall St. Closing Bell — June 21, 2012 (CIM, FB, TJX, UA, WFM, BBBY, MU, RHT, KMX, CAG, DRI, CCL, CHK, ONXX, PCX)
The three major US stock indexes opened mixed this morning as markets reacted to weak PMI reports from both Germany and China (more coverage here). A flash reading on US PMI was…
4:05pm ET
Investing
24/7 Wall St. Closing Bell — June 20, 2012 (COP, APOL, CSCO, PAA, ADSK, ADBE, JBL, JKS, GAGA, BBBY, MU, RHT, SONC, KMX, CAG, PG, JPM, GEVO)
The three major US stock indexes opened slightly lower this morning as markets waited patiently for an afternoon announcement from the FOMC. When the word finally came that Operation Twist would continue…
8:27am ET
Investing
Top Analyst Upgrades & Downgrades (AKS, CLS, IART, CPST, CEDC, INTC, LVS, LBTYA, MU, ORCL, MSFT, AAPL, VLO)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. AK Steel Holding Corporation (NYSE: AKS) Cut to Neutral at UBS. Celestica…
12:11pm ET
Investing
One More Analyst Says To Buy Semiconductor Pullback (QCOM, AVGO, ADI, RFMD, AMCC, MU, SNDK)
Sterne Agee’s Vijay Rakesh has advised that the significant semiconductor pullback from the end of April is a huge buying opportunity and he has reiterated his top picks. He also analyzed Taiwan’s May…
12:29pm ET
Consumer Electronics
If SanDisk Is Worth 50% to 70% More, What About Its Peers? (SNDK, STX, WDC, MU)
SanDisk Corporation (NASDAQ: SNDK) has had a very difficult 2012. Being the independent flash memory leader at a time when smartphones and tablets are taking over would theoretically be a good thing. …
11:51am ET
Consumer Electronics
After The Fall: Value & Upside In Chip Stocks As Summer Heat Awaits (INTC, QCOM, BRCM, NVDA, AMD, TSM, MU, FSL, SNDK, AMAT, ALTR, LRCX, SMH, XSD, USD)
The recent sell-off has been brutal to semiconductors and chip stocks of late. To make matters worse, investing in technology and semiconductors can be brutal during the summer months. Still, many investors…
11:19am ET
Apps & Software
Dell Plays Wrecking Ball For Entire PC Food Chain (DELL, INTC, MSFT, HPQ, STX, WDC, MU)
Dell Inc. (NASDAQ: DELL) was nothing short of a really bad earnings report. The wart on the nose is a declining margin, declining earnings power, and less and less revenue growth. With…
8:53am ET
Industrials
Micron Gets Pushback on Deal for Elpida
Earlier this month Micron Technology Inc. (NASDAQ: MU) was named the top bidder in the auction for bankrupt Japanese DRAM maker Elpida Memory. Now, it seems that some creditors think that Micron’s…
Paul Ausick 8:37am ET
Investing
Top Analyst Upgrades & Downgrades (ANGI, RATE, IRE, DNDN, LVS, LNKD, MU, MS, PSX, CRM, SNDK, S, TUP, YELP)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday. Angie’s List, Inc. (NASDAQ: ANGI) Started as Outperform at Raymond James. Bankrate,…
10:01am ET
Investing
Markets Hammered As Major Stocks Falter
The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. News that…
9:15am ET
Investing
Defending the Micron/Elpida Merger (MU)
Micron Technology Inc. (NASDAQ: MU) has seen a very muted reaction to its efforts to buy Elpida out of bankruptcy. Stern Agee has keyed in and reiterated a Buy rating and an…
Jon C. Ogg 10:03am ET
Investing
Micron Wins Bidding for Bankrupt Japanese Chipmaker (MU, INTC)
Citing a report on Japan’s NHK broadcasting system, Reuters reports this morning that DRAM maker Micron Technology Inc. (NASDAQ: MU) has topped the bidding for bankrupt Japanese chipmaker Elpida Memory. The winning…
8:31am ET
Consumer Electronics
Apple-Fever Spreads To Its Component Makers (AAPL, AMD, BRCM, MRVL, MU, LSI, QCOM, SNDK, SWKS, TQNT)
By now everyone in the world knows that Apple blew the door off the hinges on its latest quarterly earnings report. The consumer electronics giant overcame iPad shortages with very strong iPhone…