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Technology Stocks : Micron Only Forum
MU 252.40+2.2%3:59 PM EST
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To: DavidG who wrote (29961)3/11/1998 7:48:00 PM
From: Kerry Phineas  Read Replies (2) of 53903
 
DavidG, the consensus estimate is currently -.13. You think that the whisper number is 30 cents below that? It is rather illogical that the stock has gone up while near term earnings estimates have gone down, but I guess one could easily make the case that recent Commerce decisions have been favorable to MU from a long term perspective. However:
1. the IMF decisions were not
2. The private market value of MUEI is now lower, assuming the CPQ news affects this company
3. Korean companies seem to be finding some capital by liquidating non-core businesses
4. Where's Microstamp?
5. How many more companies within Micron can Micron sell?
6. The value of its inventory has presumably dropped in value considerably since last earnings.
For the near future MU either has to have earnings or sell off non-core businesses or it goes against its credit arrangement with whatever bank its set up with. If MU is as overvalued as many think eventually it'll be possible to judge the company by its DRAM production alone if thats all we're left with.

Last year before MU made any big moves it would stall on low volume like it seems to be doing now. BTW, imo MU is setting itself up nicely for another big fall, but when and from where I have no clue.
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