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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: Sam who wrote (64672)6/23/2014 5:17:17 PM
From: Donald Wennerstrom1 Recommendation  Read Replies (3) of 95561
 
The report was good, but not good enough. After the big runup this year MU needed a "blowout" report and was not able to deliver. It looks to me like after this settles down in a few days, MU will be back in its trading range. The selloff has not been bad really. As I write this post it is down -0.01(-0.03%).

<<Micron shares slide even as earnings beat Street
5:01 PM ET 6/23/14 | MarketWatch

SAN FRANCISCO (MarketWatch) -- Micron Technology Inc. shares declined in the extended session Monday after a big run-up on the year after as the chip maker's quarterly results topped Wall Street estimates.

Micron (MU) shares declined 1% to $30.95 after reporting adjusted fiscal third-quarter earnings of 79 cents a share on revenue of $3.98 billion. Analysts surveyed by FactSet had forecast 69 cents a share on revenue of $3.9 billion.

Shares of Micron have advanced nearly 44% on the year to date and are up 125% from a year ago.
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