David, and the chorus goes on :"Viva the Scenario". $250???? in 2000, that would indicate a market capitalization of $75 Billions, well in 2000, and even in 2003, the whole DRAM market is not expected to reach $75 Billions annually. The most bullish indications for 2000, I have seen are about $35 Billions (and I doubt it will be more than about $28 billions). Even if we assume that MU will take 20% of the bullish side ($7 billion) we will still have MU selling at 10 times annual sales, and that is on the "generous side, IMHO. But, if the scenario requires putting forward absurd numbers? Why not, the street will oblige. $100 per share, here we come. Long live the "Scenario".
Zeev |
