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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: John Graybill who wrote (48850)	10/1/1999 4:28:00 PM
From: Glen2	of 53903

Today, two analysts spoke up regarding MU: First, Peter Wolff of ING Barings, said he believes that MU should soon trade at 20X earnings, (lately earnings have been negative). Rising spot prices, rising prices to top-tier customers, (lower than spot) and rising contract prices, (much lower than spot) all point toward handsome profits in the next 12 months. Second, Joe Osha of Merrill Lynch, raised his estimate for FY2000 from $2.00 to $4.00, based upon the same reasons cited by Peter. The real news coming out about MU is very good. Wall Street's interest in the Taiwan quake and the Japanese nuclear accident have created a buying opportunity.

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