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Technology Stocks : Micron Only Forum

MU 207.36

+3.0%

Nov 21 9:30 AM EST

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To: MR. PANAMA (I am a PLAYER) who wrote (30371)	3/16/1998 9:08:00 PM
From: Zeev Hed	Read Replies (1) of 53903

Grim, Auto companies rarely sell higher than 7 times their expected peak earnings in the cycle. What do you think peak earnings for MU will be over the next two three years? If you feel that $5/share is in the future, go ahead and pay $35 share. The danger with MU is that if they do not get a turn for the better soon, in a year (at the current rate) they will be out of money and nowhere to go for more cash. I think, however, that before that happens, there will be reduction in DRAM capacity worldwide and eventually MU might survive. Note, the critical word is "MIGHT". Zeev

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