Scalper1 News
Micron Technology (MU) said Tuesday that it renegotiated a supply agreement with Inotera, a deal that sent Micron’s stock up after analysts said the memory chipmaker’s profit margin is expected to increase. “Clearly this will likely bring Micron Technology’s margin at least to high-40% by itself,” and will be above 50% once other cost savings are factored in, Summit Research Partners analyst Srini Sundararajan said in a research note Tuesday. Scalper1 News
Scalper1 News