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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: NightFrog who wrote (25125)	12/12/1997 11:35:00 PM
From: Earlie	of 53903

NF: Thanks for nice comments. They are much appreciated. As much as I genuinely wish that it were not so, I expect that as this deflationary wave crosses the Pacific, its impact upon our shores will exacerbate an already ugly situation. Current profit expectations are based on Peter Pan dreams. Asian exports will carve them back to reality. Incidentally, in spite of the erosion, Mu remains at the top of our "hit parade". With losses and writedowns inevitable for the foreseeable future, it makes sense to stay aboard for the continuing slide, as well as for the occasion when Fidelity coughs up the bone in its throat. Single digits by late Spring is probable. Best, Earlie

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