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Technology Stocks : Micron Only Forum
MU 224.54+0.3%Nov 25 3:59 PM EST

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To: Chas who wrote (51638)7/21/2000 2:31:16 AM
From: Jeff Leader  Read Replies (1) of 53903
 
With so many shares to unload, TI needs to sell while the public and funds are still willing to buy - even if that means leaving some money on the table. Without willing buyers, the price would collapse under the weight of 37M shares for sale.

As for your comments re: fundamentals - you could make almost all of those statements re: the capacitor biz also. Yet look at where AVX, KEM and VSH are selling. Their PEs are more typical of companies approaching a cyclical top than MU's PE is.
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