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Technology Stocks : Micron Only Forum
MU 265.92+7.0%Dec 19 9:30 AM EST
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To: Bharat H. Barai who wrote (47423)7/31/1999 12:08:00 PM
From: Skeeter Bug  Read Replies (1) of 53903
 
bhb, let's take your numbers and ignore that kip bedard, a high ranking micron exec, said that prices were moving to $5.25 - not the $7.00 you quote. we'll ignore him b/c his information is obviously wrong and obviously conservative. after all, he NEVER touts rats sh*t into gold ;-)

bhb, given the $6 and change that you quote, mu still loses money this q and their cash account will be down another $200,000,000.

another 5 or 6 qs of this "reality" will put mu on the brink of bankruptcy. they will have to start auctioning off resources to stay in business.

is this the reality you favor so much?

the reality is that dram pricing falls 98% of the time and the reality is that it is stoopit to bet big dollars on an overpriced commodity dram maker heading into the 2% area.

dram drops from $10 to $4 and bounces to $5 (i do believe kip over you in this instance) and the bears are all wet.

you have stock price dislocation confused with business. it has happened before and will happen again. it is the long players who will be all wet before this is through.

remember, mu can support 60-70% of the dram requirements of the ENTIRE pc industry all by themselves - and, once all the lies are removed - they are less than 1/6 of the worldwide mb production.
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