Tomahawk, WI 11/19/2013 (BasicsMedia) – In the past few days, the $20.29 billion capped memory maker Micron Technology, Inc. (NASDAQ:MU) has made deliberate upward rally, gaining more than 8.5% in just five days. And even before that impressive run, MU had already achieved an encouraging trend in multiple weeks of trading. MU makes and sales DRAM and NAND flash products. This industry has several players and many are cash endowed, but MU has had a wonderful penetration, making billions of dollars annually for its shareholders.

The surge in the stock price has been one particular area where investors have minted billions of dollars. So far in the year, MU’s stock is up 200% and is still rising. As if that is not enough, Micron Technology, Inc. (NASDAQ:MU)’s 12 months rally has seen increase in its stock value by more than 240%. It may seem that MU has had enough of its positive portion this year until one takes time to look at what lies ahead for the memory maker.

Acquisitions are MU’s particular strength

Micron Technology, Inc. (NASDAQ:MU) is still poised for impressive rally and the stock has enough room for climbing up. Given the stocks surge so far, it holds the podium position in impressive growth in 2013 in the industry. Considering that the company has made some acquisitions which boost its chip making business, MU looks endowed with all it needs to turn massive profits. The company’s operational costs have been kept on the minimum side and its products are winning the confidence of tablet and smartphone makers worldwide. This worldwide recognition can be exploited to make it even higher profits. The good thing about MU is that it has a good profit margin on its products and this give it a good standing.

 

Micron Is Stronger With Elpida Acquisition

By acquiring Elpida, Micron Technology, Inc. (NASDAQ:MU) has boosted its leadership position in tablet and smartphone memory sale. Elpida is the company that supplies chips to the smartphone giant Apple. Its association with this iPhone kingpin is all but a good business opportunity for MU which now looks to increase its fortunes in this segment. In fact Elpida is a widely trusted chipmaker and this makes it an immediate profit maker for MU if things are executed well. Given the impressive sale that Apple is witnessing with its iPhone and iPad devices, it means that it will be absorbing more chips from the trusted supplier Elpida which feeds MU’s revenue. Supplying Apple in itself earns the company a high profile which it can use to its advantage in expanding its market.

Another Micron Technology, Inc. (NASDAQ:MU)’s recent acquisition is Rexchip which is a 300mm DRAM manufacturer in Taiwan. The company plays a leadership role in DRAM chips design, making and marketing some of the smallest memory devices with higher capacity. MU has a control stake in the stock and it hopes to use it as a ladder out of its losses in the PC segment.

Looking at these opportunities before Micron Technology, Inc. (NASDAQ:MU), it is only fair to conclude that the stock is going places in terms of growth in its stock value, revenue and earnings.

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