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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: DavidG who wrote (19722)	9/18/1997 10:41:00 AM
From: Skeeter Bug	of 53903

>>Happy Trading with your PUTS, your day has arrived don't waste it.<< actually, insanity has ended. we are still far from reality. if mu posts $0.40 ops eps then mu is values around $32.00 usinf $0.40 x 4 x 20 pe. now given that dram is down 20% already this q and sales and earnings are going down, i think a 20 pe is rich. peri doesn't have half the troubles as mu and it is trading at a 15 pe and had good growth in earnings (flat revs scared the street). mu was a story stock. the story was never real, however, the bulls never let reality stand in their way ;-) that is, until it slaps them in the face. get out the brut, ladies and gents! i think we see the mid to high $20s before october is over.

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