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Technology Stocks : Micron Only Forum

MU 230.24

+2.5%

3:59 PM EST

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To: Skeeter Bug who wrote (28939)	2/25/1998 1:10:00 AM
From: Ed Beers	Read Replies (3) of 53903

Skeeter, Why all the doom and gloom about MUEI? MUEI will show significant earnings (non-operating but how important is that really?) MUEI will emerge lean and mean next quarter. MU will finally manage to fill some of those open reqs. No doubt personel shortages have been restraining their growth and the acquisition of 450 skilled workers will allow them to leap forward next quarter. Perhaps the new workers can test SDRAM. Plus, retail SDRAM prices are down about 10% this week. Lower prices should stimulate demand so we can hope for a rapid boost in unit volumes. Don't forget that a $40M loss this quarter, combined with the most profitable recent quarter rolling off the back end will raise the PE to about 100. This will make investors everywhere notice that MU is a growth stock since only growth stocks get this kind of multiple. Ed

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