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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: Chih-Lun You who wrote (19917)	9/19/1997 7:47:00 PM
From: Jerry Denkera	of 53903

TO ALL---This late drop today corresponds with a late dumping of product this afternoon by both MU and TXN on the spot market. The temporary lift last week in prices has given way to another collapse in 16Meg pricing and the descent to 4.00 continues. This has been the whisper number for months regarding MU's cost to build 16Megs.MU will have to lower the sweet spot to show any profit on drams next quarter.The big lead they got this quarter on their earnings has been eaten up steadily as prices dropped from 6-7.00 down to 4.75 on the product they have been hanging their hats on{16Meg Dram}. Perhaps the other segments of their business can pick up the slack but they will have to start spending big money to stay ahead of the curve.This scenario did not play out this way with 4Megs as they were able to create tremendous earnings because the transition took 2-4 years to happen.The crossover time frame has shortened and MU is living in the past. Regards Jerry

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