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Technology Stocks : Micron Only Forum

MU 224.65

+0.4%

1:09 PM EST

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To: Carl R. who wrote (46679)	6/24/1999 10:39:00 AM
From: Knighty Tin	Read Replies (1) of 53903

Carl, Nobody expected them to make money? Except for the analyst consensus, of course, which was 16 cents when the quarter started and fell to breakeven before the analysts discovered they had been suckered. Again! <g> Of course negative 10 cents with an estimate of zero is a disaster. The fact that the negative 10 cents is phony and the loss was at least double that without the inventory scam makes it look even worse. Who cares what kind of condition others in the DRAM business are in? MU is the only one with grotesquely overpriced stock. Their cash declined $200 million plus. That is not holding on to cash. The inventory scam was especially huge given the price drop of DRAM. They have used this trick before to fool the gullibulls. If it is so bad that even the always touty Kipster has to preannounce it, you know that they are worried about inventory levels. Carl, be careful with this co. You seem to want to see the dry cup as half full and that could kill your portfolio. Outside of PR hype and pronouncements from brain dead analysts, this is one of the worlds' most overpriced trading sardines. Good Luck, MB

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