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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: TREND1 who wrote (26751)	1/17/1998 10:19:00 AM
From: Thomas G. Busillo	Read Replies (1) of 53903

Larry, Kurlak may be "right", but Lehman's Gumport was RIGHT. I give Gumport (whose name I finally am spelling right) a lot of credit for a) having the intellectual honesty to report that DRAM prices were rising after he had lowered his rating on the stock only days earlier (that built credibility with me; why he had it rated "outperform" to begin with is another issue), b) cautioning that while prices were rising, there was a strong possibility that they'd back down. As far as Gumport's rating goes, my take on analysts is that they have strengths and weaknesses (after all, most are human). IMHO Gumport's strength is giving a pretty solid rational view on the fundamentals of MU. Bill Milton at Brown, Brothers, Harriman has shown me a nack for ratings changes on MU and John Lazlo at Pru has been pretty good on recent estimates. I'd take a composite of the three of them over a composite of Kurlak, Niles and Joseph any day of the week. Good trading, Tom

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