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Technology Stocks : Micron Only Forum

MU 225.72

-3.0%

3:59 PM EST

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To: Sridhar Srinivasan who wrote (16456)	7/10/1997 2:17:00 PM
From: Skeeter Bug	of 53903

sridhar, growth stocks must grow to support their valuation. where you get an asp of $7 when spot prices haven't even seen $7 this q baffles me. but this kind of "fact" is what you need to support mu (though a plyana attitude is still required to keep it at current levels). they will not grow eps this q or my name is mudddddd. since NOBODY, neither bull nor bear, will take me to task for saying mu will not earn more this q than last q, i'll have to make it nteresting by challenging myself. competition is much worse this q. you know, supply is up so prices are down. the last time this happened, mu cut production as opposed to sell into these low prices. mu will make money, i don't debate that - nor is that the issue. will they make more than $55,000,000 profit next q? emphatically - no. being a free country, you should feel comfortable to place your bets that i'm all washed up ;-)

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