Topics covered: Weakness of the US dollar, The risk/reward in terms of growth relative to valuation, The industrial and communications markets, The holiday season, PC and consumer end markets, NAND flash, Low inventory levels throughout the supply chain, Inventory risk, Inventory accumulation, High quality names, Faster than average revenue and profit growth, DRAMs, Companies with international operations, Companies being more competitive in foreign markets, Commodity memories, Benign overall pricing dynamics, A return to normal valuations
