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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 (51335)	5/31/2000 6:23:00 PM
From: Ronald J. Clark	Read Replies (1) of 53903

Quadruple from here? How much money has MU made in the last 5 years? Isn't MU involved in a cyclical business where it's PE multiple ought probably be applied to "normalized" earnings or at least some very low multiple of "peak" earnings? I have to admit that I just don't get it! What does Dan Niles say supports a $280 share price for MU?

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