Why I Own Micron Technology
Many investors scoff at Micron Technology because it works in a commoditized memory chip market plagued by brutal price wars. The supply-and-demand balance is the plaything of market giants Samsung and Toshiba, neither of which has much incentive to keep prices high.
But the Idaho company is about to close a landmark acquisition that gives Micron unprecedented scale and pricing power. As that deal inched closer to reality, Micron shares nearly doubled in the last six months. In the video below, Fool contributor Anders Bylund explains why the Elpida deal is such a game changer, and why he sees even bigger gains ahead.
Five enter, one leaves
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.
The article Why I Own Micron Technology originally appeared on Fool.com.Fool contributor Anders Bylund owns shares of Micron Technology, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.