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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: jhg_in_kc who wrote (51343)	5/31/2000 4:20:00 PM
From: Steve Lee	Read Replies (1) of 53903

MU is trading at an earnings multiple of 87. Surely there is some future growth factored into that price. What is funny about Dan Niles is saying is that when the future growth kicks in, the price will go up to maintain that multiple. The way I see it is that the growth is priced in and if Dan's predictions happen then there will be little further increase in MU stock price. FWIW, I think Niles is wrong about MU's prospects anyway. MU isn't gonna grow profits at anywhere near 87% annually.

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