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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: Skeeter Bug who wrote (23996)	11/13/1997 11:26:00 AM
From: mike iles	Read Replies (2) of 53903

Skeeter, Confirmation on the downgrades ... Dan Nile cut his estimates this morning ... this Q to .14 from .39 (what was he smoking?) and for the year to $1.10 from $2.60 ... don't know what he downgraded it to but don't imagine he still has it as a BUY ... his clients thank him for the timely advice. Maybe .14 makes sense if MUEI makes a profit but I don't expect the semi business to be that profitable ... more likely a breakeven or a loss ... the latter if they decide to make it a kitchen sink quarter and write off inventory. Otherwise he's still too high, as he was last quarter ... looks like your timing is right on about MU providing further 'guidance' to the analysts. What's TK's estimate for the Q and has he changed it recently??? 'MU ................. woof! woof!' regards, Mike

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