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Technology Stocks : Micron Only Forum

MU 223.79

+7.9%

Nov 24 3:59 PM EST

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To: Carl R. who wrote (46722)	6/24/1999 2:16:00 PM
From: benwood	Read Replies (1) of 53903

>If you look only at estimates made in the last month or two the consensus was much closer to -$.07. Thus they did miss by a few cents, but that was hardly a disaster. Seriously, why didn't the company guide the analysts to minus 25 cents, thus making this quarter a blowout? I just don't get this game at all... isn't the only thing required nowadays in this "new era" market beating estimates? Who cares if you're losing your shirt, your warehouses are bloated, the memory glut grows, your offshoot business of the future dies an ignominious death, as long as you meet or beat estimates?

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