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Technology Stocks : Micron Only Forum

MU 242.20

-1.9%

3:59 PM EST

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To: Tony Wang who wrote (48413)	9/18/1999 1:18:00 PM
From: Zeev Hed	Read Replies (1) of 53903

Tony, MU is in a cyclical business highly competitive with the only barriers to entry being money (for sinking into new and more advanced technology) CSCO is the gorilla of its market segment and that market is growing extremely rapidly. Yet, for each dollar of earnings CSCOP is much cheaper than MU. CSCO will earn anywhere from $.23 to $.27 in the next few quarters, what will MU earn (and how many positive earning quarters has MU put together?, why should that change?). Nevertheless, the scenario still call for irrational pricing of MU over the next few months, and in excess of the century mark intermittently, but, IMHO, it will be phantom pricing which like a mirage will disappear, leaving a lot of bag holders. Zeev

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