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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: PAinvestor who wrote (27718)	2/3/1998 10:09:00 PM
From: Skeeter Bug	Read Replies (2) of 53903

>>They are cutting back their capex by 70% this year.<< please cite your source that shows this. btw, a long while back i saw the taiwanese were spending about $80 billion this year on expansion. you failed to mention this. if supply is being decreased so much then why does amat trade at a pe of nearly 30? do you not see some incongruous information here? do you not see that it needs to be addressed? 16 mb is a mugs game. 64 mb is the show and mu is nowhere. >>At the same time demand is growing constantly and we will soon find ourselves in a situation where demand soon outstrips supply.<< yes, and this won't occur until we hit a bottom in sentiment and stay there for a while. why? businesses are nothing more than investors. when investors have euphoria like they do with the money losing mu so do other dram players. txn said they were going to stay in the dram biz. so have others. taiwan may increase capacity as they also see the profits rolling in shortly (just like you do). btw, when 64 mb chips are the standard, supply goes up over 200% in one fell swoop. one dolt of an analyst said that dram demand was growing 10%. since his other facts were wrong i wasn't surprised that this one was too. demand is, and has been, strong. it hasn't meant much to mu's bottom line. pa, please on me not knowing the fundamentals. i've been dead on. when everyone said mu was making $3.00+ in 1998 i said they would be lucky to be breakeven. and they will. i've whooped the analysts by 100s of %s in eps estimates. you have bought their story hook line and sinker. they were wrong in 1996. they were wrong in 1997. and they are wrong about 1998. but, at least we have you on record so when mu melts down we will know you were wrong. and don't run from your record when you are wrong like some ;-)

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