Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 160.52

-4.9%

Dec 12 9:30 AM EST

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To: Ed Beers who wrote (3911)	12/17/1997 3:14:00 PM
From: Jay M. Harris	of 10921

Ed, you are correct that on the call they mentioned "under $5.00" for a blended average ASP. I checked my notes and should have posted that the average contract price realized my Micron near quarters end was $3.60. My mistake! In essence, prices have declined from $5.00 to $3.60 in the last 30 days, or 28%. In my opinion, Micron still faces the same fundamental problem this quarter which is an operating loss. While they are moving down to .25 micron and subsequently to .21 micron near fiscal year end with 64 meg crossover, prices are still falling faster than costs. The semi Gross profit margin just compressed to 32% down from 44% the preceeding quarter. I have heard that Micron had fewer masking steps in their process than any one in the world. This came out of Wall Street research and has not been verified by me personally. I'm a banker by trade and can't speak to the relative merit of MU's process from a primary point of view. Most of my tecnology points will be from second sources not being an engineer. Hope this helps, Jay

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