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Technology Stocks : Micron Only Forum

MU 263.78

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3:59 PM EST

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To: DJBEINO who wrote (28510)	2/16/1998 11:12:00 PM
From: Peter Goss	of 53903

FWIW - Some nuggets from the 2/11/98 Merrill Lynch Semiconductor Report: -- " The 30% rally in the semiconductor index since the 12/15 low has in our opinion increased the risk of holding semiconductor shares to the level of last fall. With no recovery expected anytime soon and December industry sales falling at the fastest rate this decade, we believe an earnings recovery is not imminent. Not only have sales dollars slowed from a plus 16% pace last summer to plus 4% in December, but unit growth has decelerated rapidly as well . . ." "-The DRAM market has experience a temporary spot market price lift due to artificial supply constraints stemming from Korea's financial crisis. Since mid January however Korean producers have resumed full production which, given an 8-10 week cycle time means supply will increase again by mid march. We look for a 20-30% price decline for the 16Mb between March and June." Some more grist for the mill. Peter

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