Originally Posted by Demonkev666
um didn't another memory manufacturer state that prices would go up , I smell insider trading. >.>Um hMMMMM O.o?
Before the death of Steve Appleton, Micron was talking with Elpida regarding possible equity and business partnership (some version of the story also involves Nanya).
It is perfectly normal for Micron to have knowledge of the Elpida's financial condition as part of the pre-partnership due diligence. Plus the bad financial condition of Elpida was probably an open secret in the DRAM business. However most people were probably betting that the Japanese government/state owned bank would step in to help Elpida with the maturing debt, and didn't expect Elpida to actually file for bankruptcy protection this soon.
While many people were probably aware of Elpida's financial condition, I don't see how simply saying DRAM price 'I don't think DRAM [pricing] goes down from here, it's starting to feel like a stable market.' qualifies as insider trading
But as an stock option holder of Micron, I'm very happy to see Elpida's bankruptcy