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Technology Stocks : Micron Only Forum

MU 207.36

+3.0%

Nov 21 9:30 AM EST

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To: Thomas G. Busillo who wrote (16976)	7/30/1997 3:08:00 PM
From: Skeeter Bug	of 53903

tom, what's your estimate for next q assuming dram stays in the low $6 range from here on out? what the bulls fail to see is that mu's bit growth will be well below their prior expectation. why? prices are down due to excess supply. they were down very early in the q. increasing bit growth now is suicide for mu as it would drive the price down. mu was speaking of setting up a "floor" for pricing. of course their lying to give the bulls hope ;-) if they did set a floor, though, demand would be inhibited - especially if they are tye only one adhering to the floor (they aren't and that is why they can't keep the $6.50 promise). mu at $70 before the next eps release and i may retire this year ;-) good luck all.

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