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Technology Stocks : Micron Only Forum

MU 248.54

+10.1%

3:59 PM EST

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To: Michael Bakunin who wrote (47381)	7/29/1999 12:50:00 PM
From: Jeff Leader	Read Replies (1) of 53903

Do I recall correctly that MU said recently their goal is to reduce production cost to $5 by year end? If that is the case, and they have only been getting $4.50 so far this Q (lower than I had thought) their losses this Q will be in nine figures. I see that the analysts' estimates for this Q have been silently slipping down, even as they reiterate their 'buy' ratings. I guess the analysts are now following momentum more than the company's fundamentals. I have to give 'them' credit for having some huge brass ones. Running this stock up in the face of crappy fundamentals, coming into a seasonally weak period for the stock market, with Y2K looming, and in the face some large potential overhang is truly impressive. Did I read the 13D correctly - Intel bought their rights at $31 5/8? Are they free to sell at any time, or is there a lock-up period? They're looking at a nice double right now.

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