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Technology Stocks : Micron Only Forum

MU 246.84

+4.1%

3:59 PM EST

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To: JungleCat who wrote (48743)	9/28/1999 3:18:00 PM
From: Skeeter Bug	Read Replies (1) of 53903

jc, so until today, mu's oem pricing was $7.50 or less. I'd venture that mu has been breakeven or slightly better for the first month of the q. this raise to $9, is the first really good news mu has had (spot pricing was good news, not really good news, b/c so little of mu's biz is conducted there) in a very long time. this move puts them well above profitability for their main biz (thank goodness for strategic earthquakes! ;-) they better report good numbers in dec! and the stock moves down on the first big good news. amazing! granted, it is way too high. the ignorati don't know this, though.

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