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Technology Stocks : Micron Only Forum
MU 394.60+3.1%Feb 6 3:59 PM EST
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To: Skeeter Bug who wrote (47391)7/29/1999 4:05:00 PM
From: Jeff Leader  Read Replies (1) of 53903
 
Perhaps John Lazlo should take up science fiction writing.

-- Lazlo developed preliminary earnings per share projection of $1.97 for 2001, assuming 64Mb memory chip prices remain in the $5 to $6 range.

So maybe the earth enters a time warp and we exit 2 years later? Or maybe everyone working on sub .2 micron process technology and 256Mb DRAMs is wiped out by a strange new virus?

But he should really avoid anything requiring arithmetic skills:

-- In effect, Lazlo says every $1 increase in DRAM prices over the next 12 months could loosely translate into another $1 in per share earnings.

-- For 2001, he assumes prices will hit $5.50, but if prices hit $7, Micron could post EPS of more than $5.

1.97 + (7-5.50)*1 = $3.47 != $5+
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