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Technology Stocks : Micron Only Forum

MU 232.33

-2.2%

3:59 PM EST

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To: Skeeter Bug who wrote (24145)	11/15/1997 7:41:00 PM
From: mike iles	Read Replies (1) of 53903

Skeeter, Apparently, MU is having a meeting with the 'analysts' next week ... this from a recent Dan Niles report. Even though Niles has shaved his estimate for this quarter to .14 from .39, he still rates MU a BUY. Memory prices are supposed to stop going down so fast and EPS will ramp from .14 to .22, .31, .43 over the balance of the year. He neglects to mention that at current prices MU is losing money, it is behind the big guys in the transition to 64 Mbit, it's balance sheet doesn't support the level of spending it has to make in order to ante up at the 'no limit' DRAM poker game (credit to Carl Johnson), etc... Opening line to the report: " DRAM pricing has obviously been declining at a ferocious rate since the end of MU's August quarter." ...... obviously? .... obviously? Mr.Niles does not lack for chutzpah. 'MU ..................... tanks for the memory' regards Mike

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