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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (84731)6/25/2002 8:09:07 AM
From: manny t  Read Replies (1) of 99280
 
MU defended,

07:46 ET MU Micron trading at trough levels -- Merrill Lynch (19.72)
Merrill Lynch reiterates Strong Buy rating ahead of this evening's earnings report. Believes MU is one of the few names it covers that is truly at trough valuation levels with improving fundamentals. However, in light of continued pricing weakness, firm believes its August and FY03 estimates appear aggressive.
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