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Technology Stocks : Micron Only Forum

MU 226.65

-3.2%

3:59 PM EST

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To: Skeeter Bug who wrote (24781)	12/5/1997 4:08:00 PM
From: Jim Stanfield	Read Replies (4) of 53903

Skeeter & All: From Zacks Dec 3 MU Zacks rank 5 Raymond James decreased estimate for fiscal year ending 08/98 from $1.78 to $0.55 on 12/1/97 Raymond James decreased estimates for quarter ending 02/98 from $0.41 to $0.03 on 12/1/97 Raymond James decreased estimate for quarter ending 05/98 from $0.47 to $0.14 on 12/1/97 Raymond James decreased estimate for quarter ending 08/98 from $0.59 to $0.26 on 12/1/97 The Zack's consensus estimate of earnings per share for MU's 11/97 quarter is $0.19 Dec 4 Pershing decreased estimates for fiscal year ending 08/98 from $1.40 to $0.40 Raymond James decreased estimates for quarter ending 11/97 from $0.31 to $0.12 The Zacks consensus estimate of earnings per share for MU's 11/97 quarter is $0.18 IMHO I have been a lurker in this thread since its inception and have been continually impressed by the analysis on both sides (except for a few who shall remain nameless, ho ho ho :-)) This analysis plus my own due dilligence leads me to side with the bears. I had the privilege of talking with Louis Navellier after an investment seminar. I asked his opinion of Micron. His comment: "Micron is a dog with fleas." I would find it difficult to imagine how ANY analyst could maintain his credibility by spinning either the DRAM situation or this stock anything positive of dismal. In view of the action of the markets in the face of so much negative information, I must conclude that the term "Smart Money" is an oxymoron. Grim: Careful, don't cut yourself :-) Good tradings to all, Jim

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