Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 303.84

+1.3%

4:00 PM EST

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To: Return to Sender who wrote (2598)	4/3/2002 1:33:49 PM
From: Donald Wennerstrom	Read Replies (3) of 95622

I just had to comment on the downgrade of MU by Morgan Stanley. <<7:27AM Micron Tech downgraded at Morgan Stanley (MU) 32.40: Morgan Stanley downgrades to UNDERWEIGHT from Equal-Weight based on the belief that the stock is likely to be under pressure in the near-term.>> MU is arguably the best stock in the SOX from an earnings and PE/G point of view. Next year's latest earnings estimate as compiled by First Call is 2.17 per share based on 16 broker inputs. That is far and away the highest estimate for any stock as part of the SOX. That earnings estimate number coupled together with a growth rate of 20% gives a PE/G number of approximately 0.75. The next highest next year earnings per share estimate is for AMAT at 1.32. All this data is documented in: Message 17263061 No matter that MU is easily in first place in that table for the SOX, the Morgan Stanley comment has really "killed it" today. As I write this, MU is trading down over 4.5% and occupies last place in the 17 stock SOX index for today. I don't own any MU shares, but it has been on my "radar screen" as a possibility. After today's decrease it's looking better than ever. Don

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