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Technology Stocks : Micron Only Forum

MU 240.46

+1.7%

3:59 PM EST

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To: BSGrinder who wrote (30710)	3/18/1998 5:24:00 PM
From: The Vinman	Read Replies (2) of 53903

Unfortunetly. I am not surprised that MU has held up. The new mantra from analysts is to say that a company that warns has put the worst behind them, look at BAY today, they warned of a terrible quarter yet DLJ upgraded the stock and it was up 2 1/2 today, down a quarter point from yesterdays close! Market makes little sense, look at YHOO , the stock has a market cap 4.5 billion yet they had less than 100 million in REVENUES last year. YHOO has a price to sales ratio of 65, so investors are paying a stunning $65 per dollar of sales, a trailing PE of 887.....does that make sense? CNBC asked the question whether or not tech slump was over.....they must be talking about INTC and CPQ, the NASDAQ is at record highs...... Good Investing Vinman

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