Micron Electronics (MUEI) Message Board

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Technology Stocks : Micron Electronics (MUEI)

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To: marc chatman who wrote (2251)	11/7/1997 4:07:00 PM
From: Paul Viapiano	Read Replies (1) of 4074

Jim Lou, the holiday shopping season is always the best quarter for PC manufacturers. On another note, MUEI has been down quite a bit with no comments (upgrades/downgrades) from analysts. Usually when stocks take a short-term hit like this, they rush in to downgrade. Nothing like that happening here, even though the stock has been struggling for several weeks now. On the other hand, there have been no upgrades, even on a valuation basis. The stock now trades at about 12.5 times FY98 estimates and 10.5 times FY99 estimates. I know that these estimates are a long time from now and anything can happen, but it still looks like a value to me. Paul

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