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Technology Stocks : Micron Only Forum

MU 234.19

-2.2%

Dec 3 3:59 PM EST

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To: mike iles who wrote (24817)	12/6/1997 4:40:00 PM
From: DavidG	Read Replies (1) of 53903

Mike, >> If you're tired of reading that old bearish drivel on a daily basis, maybe you could enlighten us as to what a company losing money in a commodity business should trade at ....<< What makes you say that MU is losing money. If I am not mistaken, even Skeeter who always has a negative perspective feels the need to be cautious coming into earnings time with a $.11 eps for the quarter. And he knows very well that MUEI will not be reporting any profit. Also I believe Trey is going bullish on MU( unless he was just kidding) ...and...he is looking for a positive $.09. so I guess if you truely believe MU is not making money, maybe a little analysis on where you think they are coming in this quarter than we can look at your sales to price ratio.:-) Also the market sets the price based on future earnings...and they already have a very low quarter factored in already. The estimates are now coming in even lower and the disappointment should not be that great... if at all...so you may find MU rising on Dec 17. Also if they beat the revised numbers, MU might just take off.<g> There are some analysts (other than the TK crap) that are beginning to look at MU fundamentals as improving given the SEA debacle so "wishing and hoping" for the impossible may be costly if you bet wrong. Some of the low target prices I have been hearing lately for MU are a joke and should treated with laughter and not seriousneess. Below book value is just plain silly for a company that didn't even have a negative quarter last year. When it is negative 3 or 4 Q's than I will reconsider.<g> Good Luck Trading DavidG

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