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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: yard_man who wrote (34982)	6/15/1998 6:00:00 PM
From: johnlea	of 53903

i took a look at their report. looked pretty much on target to what the street expected. note that 3 of the 6 cent profit was due to a one time savings from muei changes pc repair service vendors, so they really came in at 3 cents a share vs the street's 4 cent a share. i got the feeling from the press release that they feel they have bottomed. over inventory has been eliminated, margins are on the increase. one other note that may give a hint of mu's pending earnings release. . . sales of muei's spectek (a division of muei) memory products were off 50% from last year's quarter. also their margins were on these products were cut in half (from 35.5% in '97 to 17.8% this qtr.) resulting in a 75% reduction in gross profit.

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