Micron Likely To Trend Upward In 2012

Wed, 04/04/2012 - 17:56 EDT - Seeking Alpha

By Stock Croc:Micron (MU) just settled with Oracle (ORCL), ending a two-year case focused on antitrust and unfair competition allegations. This has put the DRAM memory chipmaker back into the sight lines of investors, some expecting to see nothing but improvement from Micron next quarter. The $58 million settlement increases second-quarter losses, and the hope is that nothing could bring a drop like that again. Add to that the fact that shares of Micron are already up by more than 30% this year, and I can see why investors are taking notice. Micron investors are mixed, but the trend seems to be upward for now and analysts are projecting pretty good gains over the coming year. The stock is currently trading just above $8, with projections putting it at $12 within the next 12 months. That would be a nice 50% gain, something not unreasonable to expect from the makers of productsComplete Story »

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Micron Likely To Trend Upward In 2012

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