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Needham & Company analyst Rajvindra Gill questions $MU on which is more cost effective, the 3D on 32 layer vs. 20-nanometer on 2D NAND. CEO Mark Durcan says that the 3D 32 layer is cost advantage relative to 20-nanometer, even 60-nanometer. Through time, the market will appreciate incremental value and 3D NAND bits as well.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.