SOURCE: Five Star Equities

Five Star Equities

February 28, 2012 08:20 ET

Memory Chip Makers on the Upswing -- Micron and MIPS Technologies See Greater Demand

Five Star Equities Provides Stock Research on Micron Technology & MIPS Technologies

NEW YORK, NY--(Marketwire - Feb 28, 2012) - Semiconductor stocks have performed well this year as industry heavyweights take action to balance supply and demand. The SPDR S&P Semiconductor ETF -- which represents the Semiconductor sub-industry portion of the S&P Total Markets Index -- is up more than 18 percent year to date -- easily outperforming the Dow Jones Industrial Average. Five Star Equities examines the outlook for companies in the Semiconductor - Memory Chips Industry and provides equity research on Micron Technology, Inc. (NASDAQ: MU) and MIPS Technologies Inc. (NASDAQ: MIPS). Access to the full company reports can be found at:

Earlier this month the price of 2Gb (gigabit) DDR3 DRAM die memory used in laptops and desktops fell to an all-time low of less than one dollar. "We're at a historical all-time low, yes," said Mike Howard, senior principal analyst at IHS iSuppli. Although the DRAM industry fundamentals are weak, memory makers are taking corrective action to balance supply and demand, iSuppli's Howard said. Some of the existing manufacturing capacity is coming offline to reduce output. Howard warns, however, that prices could continue to fall as long as the cost of making memory drops.

Five Star Equities releases regular market updates on the Semiconductor - Memory Chips industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Micron Technology's president Mark Adams told analysts that DRAM prices have finally bottomed out after a prolonged recession in memory prices. This quarter, prices of DRAM chips are still dropping as much as 20 percent, Brian Shirley, head of Micron's DRAM solutions business, said in a presentation to analysts. That's in line with the company's earlier projection. Demand, rather than too much supply, remains the problem, he said.

MIPS Technologies, Inc. provides industry-standard processor architectures and cores for digital home, networking, and mobile applications primarily in the United States, Japan, the Pacific Rim, and Europe.

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