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Technology Stocks : Micron Only Forum

MU 252.40

+2.2%

Dec 9 3:59 PM EST

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To: Skeeter Bug who wrote (23891)	11/12/1997 1:46:00 AM
From: Tim McCormick	Read Replies (2) of 53903

Kurlack put out a report on semis today-bearish tone. smartmoney.com (subscription required to WSJ Interactive) EXCERPT "In Tuesday's bulletin, Kurlak wrote that an industrywide inventory correction is still a factor in weakening order rates and stock prices. Pricing has been decreasing more quickly this year than in 1996, which has slowed the chip market, and investors are still trying to adjust to the industry's rapid slowdown, he wrote. Not only will fourth-quarter earnings be weak, but the industry's 1998 first quarter is still questionable given several factors, including the retail move to low-priced PCs. Kurlak believes the PC-driven semiconductor boom of the past five years could be ending. For most consumers, he argues, increased bandwidth for Internet access is becoming more important than processing power. That would tip the scales more in favor of low-end PCs, which already have powerful enough microprocessors to run the typical range of Web and desktop applications. The real concern is that growth in a market driven by low-priced computers will not be enough to offset falling prices for semiconductors overall." Warmup for downgrade? Tim

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