Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 26 November 2013 13:15

Investor pumps money into Micron

Written by Nick Farrell



Does David Einhorn know something we don’t?

Investor David Einhorn is using his hedge fund Greenlight Capital to buy a stake of about 23.02 million shares in US memory chipmaker Micron Technology. 

This means his outfit owns two percent of Micron. Einhorn has gone on record saying that Micron stands to benefit from industry consolidation. This comment resulted in a rally in Micron's shares.

However, Micron has some serious challenges. At the end of July, Micron, based in Boise, Idaho, completed its acquisition of failed Japanese memory chipmaker Elpida in a move to create economies of scale and better challenge memory chip leader Samsung Electronics.

Elpida though has so much debt, owning it could be a poisoned chalice to any self-respecting company. Memory chip prices slumped last year that led some chipmakers to throttle back production.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments