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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (3135)	10/17/1996 4:33:00 PM
From: jluker	of 132070

Are these people dreaming?? 10/16 09:05 ET *** MICRON TECHNOLOGY (MU) 31 3/8. Stock could get a lift today from bullish call made by Merrill Lynch this morning. Firm believes that its FY97 earnings estimate may be too low considering what firm expects will be a healthy rise in 16-meg DRAM prices. Merrill sees intermediate-term prices rising to $11.50-$12.50. Thus, firm feels that its $1.95 EPS estimate may not reflect earnings that will be derived from what will become a wider margin business. Merrill said that only reason it has failed to upgrade stock is because it simply has not had time to do a full review of the company. 10/17 RESEARCH SPOTLIGHTS (All prices as of 1:20pm ET): Merrill Lynch analyst Tom Kurlak said MICRON TECHNOLOGY INC is poised to produce a substantial upside earnings surprise when it reports earnings for its current fiscal first quarter ending in November. Shares were up 1-3/8 to 32-3/4. john

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