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Technology Stocks : Micron Only Forum

MU 265.94

+7.0%

3:59 PM EST

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To: Knighty Tin who wrote (27769)	2/4/1998 7:18:00 PM
From: Thomas G. Busillo	Read Replies (1) of 53903

MB, after the Pru initiations yesterday, something hit me... ...and after removing the wind-blown hot dog wrapper from my face I started thinking... When Goldman dropped MU back around July 4, 1997, they dropped over a half-dozen chip stocks. Other than MU, what other chip stocks have they initiated? If they "initiated" other chip stocks, I certainly missed the call. If the reason MU got "initiated" was because they brought in a new analyst, I would think that his or her coverage would move beyond a single issue. And yet, it's been roughly 7 weeks since MU was initiated by its lead underwriter as a priority list buy two days before the December options expiration. Assuming they haven't initiated any other coverage, is this something you (or anyone else) would find unusual - dropping coverage of a number of stocks in a sector and then initiating a single stock and no other? Good trading, Tom

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