On the tech side, McHugh's excited about the "perfect storm" of dwindling competition, low cost and increasing demand that may bolster shares of Micron Technology (MU), a maker of computer components DRAM and NAND flash memory. "Micron is very attractive," McHugh says. "Pricing will be able to go in the right direction."

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The company recently generated negative earnings of 1.86 per share.

Micron (MU) was upgraded from Hold to Buy at Deutsche Bank. Improving industry pricing and cost reductions should lead to a strong margin recovery.

From 4/11/08:

Cramer stated, "No, I've been out of that company since 1994. It's scary. I don't care that its only at $6, stocks can still go lower. You don't touch that."

Last week, Micron said that it had cut its cost of goods sold in the latest quarter by 15% for DRAM and 25% for NAND flash. Nice, but not enough when prices are falling even more. But in a world of flat pricing, the economics could change quickly. Demand for memory is hardly slowing; Micron's cost cuts should leave it well-positioned to capitalize when the market turns, which some think will happen in a quarter or two. Micron will never be a huge earnings story. But, at less than $7 a share, it trades at just 70% of book value and recently fell to a 14-year low. It has $2 billion in cash. The stock looks ugly, but that's when you buy it.

Goldman Sachs said it is upgrading Micron (MU) to Buy from Neutral based on valuation and improved year-end outlook for DRAM fundamentals. See 2008 DRAM capex reductions to exceed original -40%-50% estimate. Price target at $6.

holder

Rating on Micron (MU) was raised from Market-weight to Overweight, Thomas Weisel said. Industry data points suggest that DRAM pricing could stabilize by mid-2008. Company should also be able to grow faster than the industry. $12 price target.

No profits in years

true deflation story

Big Loss

Dog

steady decline in price

SELLL

old tech-had its day its done

high competition and industry decline

dram

STOCK REALLY DROPPED.