(2/n)

the September 21, 1999 earthquake.

Prior to the earthquake (Sept. 20): Prices were around $15.50

Price jump: Approximately 37% increase in one day

Contract pricing: #Micron raised 64-Mbit #DRAM from $7.50 to >$9

The article documents immediate panic buying by OEMs concerned about supply disruptions, with Micron's VP of Investor Relations stating

"There's not a lot of volume going on there because the suppliers were woefully short, even prior to the earthquake."

@jpturcotte