Micron rally on Samsung capex cuts is overblown, says Pacific Crest Pacific Crest said Micron is still facing a difficult quarter and that numbers will likely come down after the conference call.
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Court decision should hasten Micron takeover of Elpida, says Sterne Agee Sterne Agee believes that a decision by a Japanese court dismissing appeals from the two unsecured creditors to the Elpida consolidation process should enable Micron to close its Elpida acquisition much more quickly than some had feared. The firm views this development as very positive for Micron and keeps a Buy rating on the stock.
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