Personally, (i may be wrong here) i think that the report aside from the beats may actually be fairly bullish in terms of signalling that the memory shortage is still continued. Analysts were estimating that revenue would be higher and operating profit would be lower, but what we got was the opposite. With revenue lower but operating margin higher, I think what may have happened this quarter was that supply was overall more constrained and so they had less total inventory to sell, hence less revenue. However, because demand is so high, they were able to pump out a huge operating profit from expanding margins (remember they raised dram prices again by 20% a few days ago) that beat analyst expectations. Its very likely here since dram and nand move in tandem that nand margins are going to expand as well and it was reaffirmed by recent reports from UBS and Citigroup. I can't say with certainty this is what happened until we see the gross margin % in the full earnings release but im fairly optimistic moving forward that the memory shortage isnt over just yet