SOURCE: The Bedford Report

The Bedford Report

September 14, 2010 16:00 ET

Analyst Research on Micron Technology Inc. (NASDAQ: MU) & SanDisk Corp. (NASDAQ: SNDK) - Overview of the Memory Chip Industry

Note to Editors: The Following Is an Investment Opinion Being Issued by The Bedford Report.

TORONTO--(Marketwire - September 14, 2010) -  The Bedford Report examines the outlook for companies in the Semiconductor- Memory Chip Industry and provides research reports on Micron Technology Inc. (NASDAQ: MU) and SanDisk Corp. (NASDAQ: SNDK). Access to the full company reports can be found at

The arms race of mobile devices is creating faster new product cycles and consumer demand for them is as high as it's ever been. The one problem companies could face is making sure chip production doesn't lag behind demand. Otherwise, surging mobile device sales should continue to fuel strong chip sales in the coming future. 

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On the downside, there may be a period of excessive inventory digestion when orders for additional supply slow. While chipmakers were extending lead times as their plants were reaching full capacity, it looks as though large customers in the PC and networking markets may have ordered more chips than necessary to hedge against future supply shortages.

Presently, average analyst estimates for Micron rate the stock as a "buy" with an average 12 month price target of $13.95. SanDisk is also rated "buy" with a mean 12-month price target of $49.44.

Investors can get copies of the full analyst reports on Micron Tech and SanDisk by registering for free at

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