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Technology Stocks : Micron Only Forum

MU 239.61

-0.4%

12:54 PM EST

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To: TREND1 who wrote (26584)	1/15/1998 1:00:00 PM
From: phbolton	Read Replies (1) of 53903

I first started looking at MU about a year ago, the price was about $32 and the projected 97 eps was about $2+ and the 98 about $4+. Today the price is about $32 the projected 98 eps is about $0.2 and the 99 about $1.50. Any semi-rational person might find this very curious. They have lost ground and money during the past year and have sold assets. MUEI is worth about half what it was a year ago and MU owns a smaller percentage. They borrowed a billion and Lehi is still to be written off. Their profit per megabit (at the stocks peak) was greater than their revenue per megabit today. I've almost talked myself into shorting this again-- it was very profitable last time after waiting out the ride to 60. Should I wait for a 34 that might never come? hmmmmmm....

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