Replies to post #24 on SMART Modular Technologies (SMOD)

[eastunder]

Needham & Company Reiterates a 'Buy' on SMART Modular Technologies (SMOD); Momentum Building Driven By Continued Strength In Brazil, Stability In DRAM Pricing

8:13 am ET 03/25/2011-

Needham & Company reiterates a 'Buy' on SMART Modular Technologies (NASDAQ: SMOD), PT $8.50.

Needham analyst says, "SMOD delivered a solid F2Q, posting numbers that were ahead of our estimates and consensus.

As expected, the sharp declines in DRAM pricing reached a trough as pressures dissipated in the quarter. While the crisis in Japan is creating upward pressure on spot prices for DRAM, a more balanced supply/demand environment was already expected for F3Q going forward. Given the tendency for the stock to move ahead of definitive evidence that the trough has arrived, we encourage investors to build positions now based on these positive indications."

(Okay Dokay)