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Technology Stocks : Micron Only Forum

MU 234.19

-2.2%

Dec 3 3:59 PM EST

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To: jhg_in_kc who wrote (51386)	6/4/2000 3:41:00 PM
From: Steve Robinett	Read Replies (2) of 53903

--jhg What do I think of Smith Barney's $1.99/shr earnings estimate for MU in 2000? In Q1, we had $.60/share due to a Taiwan earthquake shortage. In Q2, we got back to "normal" with $.29/share. Based on the average selling price of 64Meg PC100 SDRAM in Q3 (MU's major product in the quarter), I estimate $.20 for the most recent quarter. That equals $1.09. To get $1.99 for the here, MU has to make $.90/share in Q4. That will require an ASP of something like $9. What do I think of that $1.99 estimate. Whoever put it out is dreaming. (Speaking of double-talk, what's the difference between "buy" and "accumulate" in Smith Barney's comment? How do I place an accumulate order but not a buy order?) As I said in my original post, I'm guesstimating $1.35/share in 2000. Best --Steve

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