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Technology Stocks : Micron Only Forum

MU 233.88

-2.3%

3:48 PM EST

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To: Greg Jung who wrote (41190)	12/3/1998 11:04:00 AM
From: DJBEINO	of 53903

Micron Technology (MU, $33.875, STRONG BUY)Target (12 Months): $65 Fourth price increase in place bringing 64Mbit ASPs to $8.75-9.25 0.18-micron occurring more rapidly than anticipated, integration of TXN (TXN, $78.75, Buy) DRAM assets appears to be ahead of plan Sequential bit growth through '99 substantially better thananticipated Continue to believe in 2H99 DRAM recovery Raising 1999 estimates to reflect better bit growth and pricing Upgrading to Strong Buy; raising 12-month price target to $65 Annual EPS Prev.EPS 8/99E ($0.24) ($0.72) CREDIT SUISSE FIRST BOSTON CORPORATIONEquity Research

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