3 ms·
This article just reeks of BS. There is nothing officially substantiated beyond a Micron competitor reporting that a single court issued a temporary preliminary
by dkrich 8y ago
This article just reeks of BS. There is nothing officially substantiated beyond a Micron competitor reporting that a single court issued a temporary preliminary injunction. Micron has denied the report.
Given the obvious backlash China would face and the flimsiness of this article, if I were a betting man I'd be buying up Micron stock on this dip. So many things have to happen for this to result in a meaningful impact to Micron's earnings that I'd take the other side of that bet.
- bhouston 8y agoThat competitor is a very serious threat to Micron. Thus this isn't likely false if it indeed came from UMT, and wasn't a fake news release.
- dkrich 8y agoI'm not necessarily saying that the report is false. More that lots of things have to align in order for this to end with Micron losing significant market share in China. The report has to be true and the injunction enacted and the injunction has to hold up for an extended period of time. Will be interesting to see what Micron says in the coming days. No doubt they would have to publicly address it if they were served with an injunction.