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Technology Stocks : Micron Only Forum

MU 223.79

+7.9%

3:59 PM EST

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To: Carl R. who wrote (46679)	6/23/1999 11:32:00 PM
From: Patrick Hennessey	Read Replies (2) of 53903

Carl, I think many after taking a closer look at the numbers will realize that business for Micron is slowly turning around. Considering how nasty the last 3 yrs. have been, the last 3 qrts. don't look that bad. In the last year sales have been up, losses down, and yes 1 qrt. a profit was made,in what has really been a tough year for many in the industry. If Micron is one of the low cost producers and they probably are, then it's just a matter of time till they return to real profitability. Also short interest jumped last month from 9,329,136 to 15,125,768 a 62% increase. This report will no doubt add to this number and I expect it will rise through the summer just in time for a rally in the fall. Seems to happen that way every year!!! Pat

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