Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 246.84

+4.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: phbolton who wrote (46752)	6/24/1999 5:39:00 PM
From: Skeeter Bug	Read Replies (2) of 53903

>>"Semiconductor gross margins declined from 32 percent to 23 percent, quarter to quarter, and are headed to five percent in the fourth quarter. In addition, DRAMinventories increased from about three weeks to just under seven weeks, and are now approaching eight. << is this the not so bad news everyone is talking about? this is horrible. mu is betting the house that korea holds back inventory. i think they lose the house. >>"We are lowering 1999 and F2000 earnings per share estimates, from $0.24 to a loss of ($0.48) and from $1.88 to $0.20, respectively.<< >>"Consequently, we would use the recent rally to sell the stock with risk to the low $30s," said Niles.<< so, the risk is 150 times 2000 earnings? that is the downside? was he smiling when he said that? ;-)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next