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Fly News Breaks for June 16, 2015
MU
Jun 16, 2015 | 09:17 EDT
Cleveland Research lowered Neutral rated Micron estimates again due to continued PC and server DRAM pricing pressure. The firm said PC and server DRAM inventory remains oversupplied and Mobile demand is softer and in oversupply. Cleveland Research recommends remaining on the on the sidelines for Micron and expects additional meaningful estimate reductions.
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