During the third quarter earnings conference call, Apple (AAPL) said that it has entered into a long term supply agreement with Toshiba Corporation. Under the agreement, Apple made a pre payment of $500 million to secure long term supply of NAND Flash chips for use in its future mobile devices. No specific details on the agreement were provided during the call.  This prepayment is not reflected in the June quarter results but will impact the company’s fourth quarter cash balance. We expect fourth quarter cash balance to decline to $23.7 billion. For the third quarter, Apple generated cash flow of $2.3 million versus $0.8 million generated in the second quarter. Cash, short-term investments, and long-term marketable securities were $31.1 billion at the end of June quarter versus $28.9 billion at the end of the March quarter.  As Flash components are a key element in Apple’s products, ...

The last five trading days Micron Technology Inc.(NYSE:MU) shares have been cursed with two Downgrades and losing 20% of their value.  Micron has been outcast by Wall Street, they are the new Gollum of the Semiconductors. Anytime you see back to back downgrades in the span of a week it makes you wonder if the analysts might actually be on to something, both UBS and Deutsche are down on Micron: Date Brokerage Firm Action From To Old New...