Beacon Equity Research announces the release of Trade Alerts covering Semiconductor/Memory Chip Stocks: Micron Technology Inc. (NYSE: MU), SanDisk Corp. (Nasdaq: SNDK), NetLogic Microsystems Inc. (Nasdaq: NETL), Silicon Storage Technology Inc. (Nasdaq: SSTI), Integrated Silicon Solution Inc. (Nasdaq: ISSI) and Cypress Semiconductor Corp. (NYSE: CY).
In the Trade Alert, the author highlights Micron Technology’s eliminating 2,000 jobs as a way to cut costs:
“Micron Technology Inc. (MU) shares climbed .93% to trade at $3.25 in today’s early trading. Micron, together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. … As it looks to further cut costs on weak demand and falling prices for memory chips, the company recently said it plans to eliminate 2,000 jobs, or 12% of its workforce. However, some investors are worrying the company may end up having to make even more cuts if memory chip prices continue to drop. … Stifel Nicolaus analyst Cody Acree recently said this would put Micron at the cutting edge but added some investors were not celebrating because they worried the move, expected to save Micron $150 million a year, would not be enough.”
The Trade Alert author also featured SanDisk’s announcement it has shipped the latest editions of its popular SanDisk ImageMate memory card readers:
“SanDisk Corp. (SNDK) shares rose .43% to $9.45 in today’s early trading. SanDisk designs, develops, manufactures and markets NAND-based flash storage card products that are used in various consumer electronics products. … The company recently announced it has shipped the latest editions of its popular SanDisk ImageMate memory card readers. Providing enhanced user experience through increased efficiency and faster data transfer rates, the new readers have shipped to retailers in North America and are available for purchase at this time. … The new ImageMate All-In-One and Multi-Card readers quickly and conveniently transfer data between a wide range of memory card formats and a host computer. They are faster, smaller and sleeker than their predecessors, and featuring upgraded software applications.”
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