Lehman Ups Micron Technology to Buy

Analyst Dan Niles says the price move of dynamic random access memory chips is sustainable

Lehman Brothers raised it rating on chipmaker Micron Technology (MU ) to buy from market perform, saying the price move of dynamic random access memory or the main memory chips that go into personal computers, is sustainable. Analyst Dan Niles says that Micron Technology and not Samsung is likely to get Hynix and that the seasonal drop in PC/DRAM demand will be matched by supply drops.

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