Micron Only Forum Message Board

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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 (53615)	3/21/2002 8:21:05 PM
From: Return to Sender	Read Replies (1) of 53903

From Briefing.com: 5:10PM Micron Tech tops bottom line estimates (MU) 34.51 +2.01: -- Update -- Company reports Q2 net loss of $0.05 per share, $0.02 better than the consensus estimate; Q2 revenues came in at $646 mln versus the consensus estimate of $691.3 mln; company ended its second quarter of fiscal 2002 with approximately $1.5 billion in cash and liquid investments. MU beat earnings but missed revenues. I actually think this shows that Micron can become profitable again a little easier than expected. All in all I agree that you got your positive surprise. I checked the stock a couple times after hours. At first it was lower after the earnings announcement then later higher than the close. Just checked and think it was finally down 11 cents at 34.40. Anyway, it would not surprise me if the Hynix deal closes soon now too. Also I think the AMAT announcement of a 2 for 1 split is positive for the semiconductors. Disclaimer: Presently I have zero MU shares. RtS

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