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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Lee Lichterman III who wrote (13746)8/3/2001 1:29:08 PM
From: Chris  Read Replies (2) of 52237
 
12:57 ET EMC Corp (EMC) 20.18 -0.28 (-1.4%): -- Update -- Sources at Salomon Smith Barney telling us that firm is raising price target to $24 from $20... however, while thinks EMC is best name in the space, expects margins to remain under pressure for 8-10 months... thinks stock will have upside potential after the fundamentals have bottomed, which should occur in the next couple of qtrs.

12:22 ET Micron Tech (MU) 43.25 -1.65 (-3.7%): -- Update -- Banc of America believes that average contact prices for 128 MB DRAM have been hovering around $2 for most of the qtr, well below firm's estimate of $3.50... firm's new est. for 128MM is $2 (from $3.50) and $1.50 (from $3.00) for 64MB... thinks MU could attempt to flush out inventories at qtr end, potentially driving contract and spot prices lower... while expects MU to continue losing money until early 2002, thinks DRAM pricing bottom is near.
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