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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (19800)3/14/2002 2:38:50 PM
From: Oral Roberts  Read Replies (1) of 23786
 
Good sell on MU.

14:32 ET Micron Tech: Niles cuts earnings estimates (MU) 32.50 -1.60: Lehman analyst Dan Niles reduces estimate for MU's just completed FebQ to ($0.05) from $0.00 and for FY02 to $0.01 from $0.17. Believes Micron bit production during Q2 was less than anticipated down closer to 20% (vs 10%) and bit shipments down close to 10% (vs up 5%).
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