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Technology Stocks : Micron Only Forum

MU 435.19

+6.1%

3:59 PM EST

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To: Trey McAtee who wrote (22713)	10/23/1997 8:38:00 AM
From: mike iles	Read Replies (2) of 53903

Well said Trey ... one thing I don't understand about the bulls is that they think management can go behind closed doors and somehow pull a rabbit out of the hat to offset the impending disaster in their current mainstream business that accounts for 98% of revenue (excluding the boxes). Well they can pull a whole pack of rabbits out of the hat, it just ain't goin' to help. The bulls should ask themselves: how long did it take to create the current $2 billion run-rate memory business? how many years of building up their expertise in process technology, of investing in their fabs, etc... How dedicated is this investment, can it be quickly targeted at another large market opportunity (RICs are fledgling compared to memory)? etc... I think the answer you get is that MU is committed, whether it wants to be or not, to memory. That's why there's still 25 guys slugging it out. Nobody can afford to leave. When Steve A says that he might not invest as much if the market stays weak you gotta laugh. What's he goin' to do?? regards Mike

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