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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: Dave Gahm who wrote (28364)	2/14/1998 1:13:00 PM
From: Skeeter Bug	of 53903

dave, been there done that. mu should go up 5 points on this good news ;-) the real funny thing is that we can see how absurdly wrong the investors were last year in their outlook for mu. it s/b criminal to be that far off and receive a check. mu is now at an absurd infinity pe going forward with a price tag of $35. $35 includes the expectations of massive production cuts from some asian mnftrs. when this bad boy was $60 nobody saw a need for production cutbacks as asia hadn't melted down yet. so, where would we be if asia didn't melt down? boy, those 28 year old fund managers need to stop acting like teenagers.

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