Elpida predicts DRAM prices to drop by 20% in Q1

While reporting its profit grew by 25% on year in the fourth quarter of 2006 due to strong DRAM pricing, Elpida Memory foresees intensifying price pressure in the first quarter 2007 and estimates that overall prices will drop by 20%, according to the company.

Elpida reports record sales and profits in the fourth quarter of 2006, attributing the strong records to capacity expansion at its E300 fab and more procurement from foundry partners.

More here at DigiTimes.

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