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Technology Stocks : Micron Only Forum

MU 236.03

-1.4%

11:00 AM EST

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To: jtechkid who wrote (30943)	3/20/1998 6:13:00 PM
From: Skeeter Bug	Read Replies (1) of 53903

micron now has a 54 pe at $31.50. pete told me this was the same a cisco. hmmmm... funny thing about this is that their ops pe is probably much higher. let's see what we get for a 54 pe. 1. commodity product... 2. gross cost more than current asps... 3. an industry that is the same as a no limit poker game with HUGE stakes... 4. a management team that knows less, MUCH LESS, about their market than most people on si... 5. weakening pc sales... 6. cap expenses in the billions going forward... 7. 60% of a pc company that is bleeding cash... hey, can't i buy this for a 10 pe somewhere?

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