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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 (53610)	3/20/2002 9:41:30 AM
From: Return to Sender	Read Replies (1) of 53903

Here is a positive note I saw at Briefing.com last night: Micron Tech (MU) 33.80 +0.55: Merrill Lynch's Joe Osha reaffirmed his expectations for a Q2 loss of $0.04 per share and Q2 revenue to be $733 mln, citing a strong ASP recovery and 5% sequential bit shipment growth during the Feb quarter. Of course the INTC research notes from Solly are hurting at the open today: 7:32AM Intel: Solly sees modest Q2 rev decline, cuts estimates (INTC) 31.72: Salomon Smith Barney believes that INTC could record a modest seasonal decline in Q2 revs, which will likely feel the impact of a booking correction as the P4 comes off allocation as well as flat prices due to April/May price cuts. Lowers Q2 rev/EPS ests to $6.7 bln/$0.14 from $6.9 bln/$0.16, 2002 to $29.1 bln/$0.70 from $29.8 bln/$0.72, and 2003 to $36.6 bln/$1.30 from $38.4 bln/$1.50. Maintains Buy rating and $45 price target. finance.yahoo.com^SOXX&d=t RtS

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