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Technology Stocks : Micron Only Forum

MU 237.94

-0.2%

Nov 7 9:30 AM EST

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To: cordob who wrote (53605)	3/17/2002 12:48:20 PM
From: Return to Sender	Read Replies (3) of 53903

On what are you basing your expectations for a positive surprise? Analysts have been reigning in their expectations lately. Not that I believe analysts but here is what they have been saying in research notes. I'm just curious if you are basing your expectations on more than a gut feeling? From Briefing.com: Mar 15 2002 7:39 AM Micron Tech estimates cut at Solly (MU) 32.02: Salomon Smith Barney lowers Q2 rev est to $647 mln from $742 mln, lowers Q3 EPS est to $0.08 from $0.11, and cuts FY02 EPS est to a loss of $0.09 from a loss of $0.06. Mar 14 2002 2:37 PM Micron Tech: Multex consensus estimates for FebQ at -$0.07 and FY02 at -0.26 (MU) 32.35 -1.75: Mar 14 2002 2:32 PM 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%). Mar 13 2002 8:32 AM Merrill Lynch on semi capex and PC demand : Merrill Lynch says that comments from Samsung, TSM, and UMC at firm's Asia Pac Tech conference indicated they were likely to raise their capex estimates, as demand for consumer, PLD, and to some extent base station products had strengthened in the past few weeks (strength was particularly evident at UMC). However, while co's seemed confident about the second half of the year it seems that any non-seasonal strength in PCs expected for the second qtr has not materialized yet; also, both MU and Samsung indicated that DRAM pricing expectations have moderated. briefing.com RtS

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