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Technology Stocks : Micron Electronics (MUEI)

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To: LWolf who wrote (2561)12/11/1997 12:53:00 AM
From: Lee Martin  Read Replies (2) of 4074
 
<<They need an advisor and you're doing a pretty good job!!!>>

Thanks LWolf. I guess the way I see this co. is like a nice shiny 'vette that upon casual observation looks like it has the potential to set the world on fire. However, upon closer inspection we find that our pretty 'vette is actually broke down sitting on the shoulder of Tech Highway. None of the other techs seem to be stopping to lend a hand, but merely "rubber necking" as they drive by and think to themselves "hope I don't break down out here."

What they don't know is that just over the hill and around the bend is a crazy group of terrorists called the "Asian Assassins". They've got a rocket launcher aimed at the Tech Hwy. When they hit a stock like SEG, WDC, APM, ORCL etc. all you can say is "been nice knowing ya".

The good news is our 'vette is sold mostly in the USA, so if we can just figure out how to get this thing cranked up again, we might be able to blow past those bad ol' Assassins and get back on track in '98. Since I've lost big $$'s betting on this co. I decided to drag out my tool kit and see if I could lend a hand in figuring out what the heck was wrong. I guess we'll get an idea on Mon. about how '98 is likely to shape up. FWIW I would rather have a temporary inventory problem before Christmas and good top line growth, than declining growth due to exposure to Asia as most of the techs are reporting. But then again I'm the dummy that thought MUEI was a buy at 16.5. :o(

Regards,
Lee

PS- Bill knows I post to SI, and is aware of all the frustrated and worried investors out there. I wish they would put me on the CC Mon. Soon they would be calling me Al Dunlap Jr. after I fired a couple hundred workers to get their attention and turned this ol' clunker into a "lean mean PC sellin' machine" which would then be sold to the highest bidder over $20.
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