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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (78052)3/17/2000 2:34:00 PM
From: Michael Bakunin  Read Replies (1) of 132070
 
Wall Street sez: no excessive supply is coming online, plus RDRAM's success will sap capacity growth; therefore, as the Merrill analyst headlined his latest report, "the crunch is coming!" (strong demand is guaranteed). Plus, Micron has been telling analysts that their costs are down plenty. And they announce Tuesday, surely with plenty of optimism and maybe a few profits. Naturally, the fact that the stock is trading at twenty or thirty times the best-case cycle-high EPS is immaterial; if INTC can be worth sixty times earnings, as overpaid wag recently opined, surely MU is worth forty times optimism. -mb
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