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Technology Stocks : Micron Only Forum
MU 373.13-2.6%3:59 PM EST

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To: julian hatfield who wrote (29223)3/3/1998 12:16:00 AM
From: Tim McCormick  Read Replies (1) of 53903
 
Julian, you got it figured just fine. The implications are an inventory writedown. On another subject, this little gem in today's WSJ Heard On The Street column ought to give pause to the way MU mgt. releases their earnings warnings.

In fact, in a speech Friday, SEC Chairman Arthur Levitt
threatened a crackdown on "one increasingly worrisome form of trading on
the basis of nonpublic information" -- trading based on information acquired
by securities analysts and large institutional investors, but not yet made
public.

Tim
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