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Strategies & Market Trends : The New Economy and its Winners

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To: mike machi who wrote (1397)	9/7/2000 1:11:52 AM
From: megazoo	Read Replies (2) of 57684

MU deja vu. In 1995, Montgomery Securities drove the momentum of Micron up from 40 to 100, until it came back crashing down to 30. This time, MU, a POS of a company, was pumped up by Dan Niles as the one to own, and that its value would quadruple in two years. A commodity maker possessing > 100 billion in market value. What are these guys smoking? And the street was listening to idiots like Niles. And then it sues Rambus. Since the lawsuit, Rambus is down 6 points. This POS is down almost 20. The market knows that its lawsuit doesn't stand a chance. One of my happiest days as a Rambus investor will be when these cowboys from Idaho will beg mercy from Rambus, since Rambus can impose severe penalties on the DRAM companies. I have no doubts that Rambus will prevail, and this POS will come falling down to 20. Today's stat: Rambus +3/4, MU -9.

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