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Technology Stocks : Micron Only Forum

MU 241.08

-6.7%

Dec 12 3:59 PM EST

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To: Sridhar Srinivasan who wrote (40731)	11/6/1998 1:40:00 PM
From: Carl Held	of 53903

MU......the facts.......... Semiconductor index: +50.7% since Oct. 9 MU: +83.4% since Oct. 8, +109.1% since Sept. 1 Earnings for 1998 (YR): -$1.10 Last Qtr. revenues: -27% Price/cash flow: 74.14 Based on these figures, the current price for MU is not based on fundamentals, it is due to Fund managers moving the money towards the semiconductor sector, which will be shifted out soon. Also, with the Feds lowering the rate (.25) on Oct 8th, it gave Fund managers opportunity to buy, along with the increase money going back into the funds. The overall global problems have not been solved in such a short time period. The US economy will slow down, which will result in earnings decreasing for the next 12 months. The overall current earnings atmosphere has not been that great. For all those buyers jumping in will end up buying at a premium price, only to be disappointed.

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