Different Co. , same jerk.
BIG MAN ON CAMPUS.... Lookie, it's Tom Kurlak, Uberchip analyst at Merrill Lynch. Wow! This guy went out on limb today. Way out. He announced that Micron Technology (JR Simplot's own personal chip house), which began the day at over $31, should be a $20 stock! Can you believe it?! When most analysts downgrade a stock, they move it from "highly recommended to strong buy," or some such mealy-mouth drivel. Kurlak blew 'em out of the water! Micron fell almost $3, or over 9% on the news, to $28.50. Hey Kurlak, watch out! Ol' JR's gonna run you down with his Lincoln Continental (Mr. Spud license plates). Other chippies -- Intel, TI, AMD -- were all down on the Kurlak edict. (There were also fears of Korean chip dumping.) No question: today's rally would have been bigger if not for Kurlak. Gee, thanks Tom! Why don't you work at home next week!!!
jim |