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Technology Stocks : Micron Only Forum

MU 248.54

+10.1%

Dec 18 3:59 PM EST

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To: Thomas G. Busillo who wrote (15971)	6/25/1997 5:28:00 PM
From: Thomas G. Busillo	of 53903

Did Kurlack LOWER his 1997 estimate without anyone "noticing"? Per AP-Dow Jones on WSJ-Interactive: "...Merrill analyst Thomas Kurlak didn't adjust his earnings estimates on the company, which already were the highest of analysts polled by First Call Inc. Kurlak expects Micron Technology to earn $1.42 a share in 1997; the lowest estimate reported to First Call is $1.07..." I could have sworn it was only a month or so ago (May 27th to be exact) that Kurlack raised his estimate from 1.50 to 1.55. Now it's 1.42? Or are AP-DJ wrong? Or did I just miss it? And if it is 1.42...why didn't we get a report from Maria B. on the fact that the biggest MU bull out there appears to have LOWERED his estimate? And what are you doing lowering your FY estimates while at the same time touting their "sooner than expected" transition. I'm definitely not a TK "client", but if I was I might ask "why are you pounding the table again after lowering your FY'97 estimate by over 8%?" Good trading, Tom

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