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Technology Stocks : Micron Only Forum

MU 224.20

+8.1%

12:36 PM EST

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To: PaperChase who wrote (46624)	6/23/1999 11:07:00 PM
From: Patrick Hennessey	Read Replies (2) of 53903

PC, I have to agree with your assessment. I was rather impressed with the numbers today. I actually expected a lot worse. The number that caught my eye is the sales number 864 mil. vs 609 mil. I didn't expect but about 700 mil. Plus if they are holding all that inventory sales could have been higher. Considering how bad pricing has been this qrt. with some posts of sub $5 for 64Mb, where did those kind of sales numbers come from? Also they dramatically decreased the losses at the same time. Bears can say what they want, but if the last year is as bad as it gets, and I think it is, then MU's future may not be as bad as many here would like everyone to believe!! Pat

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