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Technology Stocks : Micron Only Forum
MU 333.02-1.5%1:24 PM EST
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To: Howard Feinstein who wrote (4687)11/21/1996 9:05:00 PM
From: 8bits   of 53903
 
Amat dropped 2 points in May after a similar report (One cent above earnings expectations but negative projections for the immediate future). Actually they were one cent above estimates before the charge against earnings.(The estimates did not include the charge). They are considered a bellweather in the industry but I think it may just increase the tension level on Semi stocks a little tomorrow without too much movement.(Semi-equipment makers may take a little hit) I think MU dropped about 3/4 of a point after the May announcement. There's tons of money flowing into the market and interest rates are very low, this is a buffer for these negative projections. (Witness the difference in reaction with HWPs report in July and compared to just a few days ago)

It's kind of like the boy who cried wolf. Eventually of course
the wolf....
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