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Technology Stocks : Micron Only Forum

MU 207.36

+3.0%

Nov 21 9:30 AM EST

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To: A. A. LaFountain III who wrote (46979)	7/7/1999 2:04:00 PM
From: Robert	Read Replies (3) of 53903

Go get 'em, Tad! * * * * * cbs.marketwatch.com Tad LaFountain, analyst at Needham & Co., said, " . . . we are now entering a 12 to 18 month period where these stocks have to take a breather and let earnings grow underneath the stock prices. Otherwise, the valuations are going to get so bizarre and make these things terribly risky." Elsewhere, Micron Technology (MU: news, msgs) shares slid 1.8 percent as speculation carried over from late last week regarding its mircon processors. LaFountain said a part of the ponderings includes Micron's 0.18 processor in which "one of the functions on the parts is not working." Speculation also surrounds possible problems with Micron's 0.21 processor. LaFountain said the company has denied the rumors, yet added, "The rumors have enough specificity to them that they would appear valued on face. If in fact they [the rumors] turn out to be true, then I think there is a total shredding of credibility on the part of the company." A Micron spokeswoman didn't immediately return calls seeking comment.

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