Micron Technology (MU)

[lloyd20]

Maybe why we were up on a day I though we would be down:
•Micron Technology, Inc.
MU 3.7%
shot more than 10 percent higher after reporting that it bought Tidal Systems to develop controllers for SSDs.
• CLSA's Sanjeev Rana said in a new research note that the outlook for the DRAM market would remain weak, with "pricing to remain under pressure."
• Given that backdrop, Micron's acquisition of Tidal Systems might be a way for the company to create efficiencies by moving production of SSDs internally.