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Technology Stocks : Micron Only Forum

MU 246.84

+4.2%

Nov 14 9:30 AM EST

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To: DJBEINO who wrote (51331)	5/30/2000 5:44:00 PM
From: jhg_in_kc	Read Replies (2) of 53903

Is now a good entry point for MU. Is it a better buy than INTC? Here is more on Niles story (I am just beginning my DD and can use all the help I can get): <<Influential analyst Dan Niles, who moved from Robertson Stephens to Lehman Bros. last week, started coverage on memory component maker Micron Technology (MU: news, msgs) with a "buy" rating, coupled with a year-end price target of $100 a share. See related story. Micron shares popped 3 7/8, or 6.3 percent, to 68 1/2. "Micron is our best investment idea in the computer hardware space," the analyst wrote in a research note. "We believe that Micron currently is approaching 25 percent market share and can earn nearly five times as much money at the peak of this cycle, leading to a stock price that could be four to five times higher as well." >>>

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