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Technology Stocks : Micron Only Forum

MU 202.16

+0.4%

9:44 AM EST

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To: DJBEINO who wrote (51999)	10/5/2000 8:37:41 AM
From: Ram Seetharaman	Read Replies (1) of 53903

Thursday October 5, 8:29 am Eastern Time RESEARCH ALERT-ABN AMRO cuts Micron price target NEW YORK, Oct 5 (Reuters) - ABN AMRO said on Thursday it had cut its 12-month price target for semiconductor maker Micron Technology Inc. (NYSE:MU - news) to $100 from $120. In a research note, analyst David Wu said: --he sees a normal pick up in demand for the fourth quarter from original equipment makers, but says prices are ``bottoming out at a lower level'' than he expected. --but sees prices recover as original equipment makers' inventory declines. Micron's shares closed at $46-15/16 on the New York stock exchange on Wednesday.

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