Skeeter, just to spice things up (g), I will go against your prescient statements (It seems that there are no mu bulls left anywhere in cyber space):
prediction 1 (made a while ago): mu will not make more than $0.30 next q.
I think MU will make (and most likely beat )the consensus. If they are selling 30 million 16 Mb chips a month (and the koreans/japanese close shop for at least a week in August), MU is going to come out ahead. May be you can explain where you get the 0.30 figure from.
prediction 2: dram will not rebound significantly, if at all.
If you are saying that DRAM prices will not go up from current levels, you are probably correct. Of course, I think the contract is in the $7 range where as you seem to be wishing (and often insisting) on a price in the $5 range. However, profitabilty of chip companies, I think, will go up from here onwards.
prediction 3: mu is selling 16 mb below $6.50 and isn't telling anybody
It does not seem that 16 Mb parts are selling below $6.50 at the contract level. In fact, many people in the industry (and unlike most of the bears on this board, their opinions definitely have more substance) seem to think that there will be an uptick in prices in August.
The action in the stock also seems to indicate a long-term upward bias . So it would seem likely that your ardent wishes, for what they are worth, might stay as just that (g).
Best Regards,
Sridhar |
