BofA Merrill Lynch analyst Simon Dong-je Woo believes NAND and LCD spot market prices may see corrections from late Q1 or Q2 due to a potential glut in the second half of the year. Unlike NAND, the DRAM industry has been well consolidated, but Samsung (SSNLF) and Hynix take most of the DRAM industry's profits based on their tech leadership, cost competitiveness and bargaining power, while Micron's (MU) DRAM profits lag, said Dong-je Woo. Micron, Silicon Motion (SIMO) and Japan panel makers could be hurt by Samsung's strong position in 3D NAND, OLED and the Apple supply chain, adds Dong-je Woo, who reiterates his Buy rating on Samsung and Underperform ratings on Micron and Silicon Motion.