The Traderszone Network

Published in TZ Latest News 13 July, 2015 by The TZ Newswire Staff

Greenlight’s Einhorn says Micron ‘will be worth more than’ Netflix

Billionaire hedge fund manager David Einhorn said in an investor letter on Monday that chipmaker Micron Technology Inc (MU.O) would be worth more than Netflix Inc (NFLX.O) within the next few years. “Our long-term outlook is that sometime in the next few years, MU … will be worth more than NFLX,” Einhorn said. Micron’s market capitalization is less than half that of Netflix, at about $19.1 billion, compared with Netflix’s $42.9 billion after the close of trading on Monday.