Investors may find it time to adjust portfolios as they focus on Fed speakers, economic reports, and the rising U.S. dollar in the week ahead.» Read More
Micron Technology said on Wednesday that prices for memory chips have stabilized in recent days and expects strong demand for the rest of 2007. "Prices steadily declined since January into and through the first month of fiscal Q3. In the past several days, we have seen both DRAM and NAND prices stabilize," Mike Sadler, Micron's vice president of sales, said during a conference call.
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
In a matter of seconds, Cramer lambastes three callers' stocks. Sometimes the truth hurts.
Stocks closed lower on Monday afternoon as investors took profits in financials, technology and energy, sectors that had been market leaders. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average all closed just above their lows for the day.
Micron Technology forecast that prices for memory chips used in consumer electronics would be down 30% to 40% this quarter from the previous one.
Computer chip maker Micron Technology has settled a class-action lawsuit alleging it engaged in price fixing and violated antitrust laws, a move that is expected to reduce its 2007 first-quarter earnings by as much as $80 million.