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Technology Stocks : Micron Only Forum

MU 258.46

-2.0%

Dec 11 3:59 PM EST

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To: Bipin Prasad who wrote (104)	5/24/1996 6:18:00 PM
From: Jerry Denkera	of 53903

Bipin regarding spot and relation to forward pricing.I believe if you go back to the earning report of last year when spot was far above contract you will find that the actual average selling price reported by the factory was also well above contract prices. The average selling price one quarter ahead has always seemed to reflect the spot pricing for the previous quarter both up and down.A review of past earnings reports over the last 4-5 years I believe will reflect that. Jerry

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