Micron Electronics (MUEI) Message Board

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Technology Stocks : Micron Electronics (MUEI)

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To: Brezlin who wrote (3352)	6/7/1998 2:44:00 AM
From: MONEYMAKER	Read Replies (1) of 4074

Here is my reasoning why MUEI will bounce between 9 and 14. They are a little fish in a big pond competing against the likes of Dell, Gateway, IBM and HP. Earnings will disappoint for 2 to 3 more qtrs. There's still a backlog of inventory. Their marketing and poor advertising are not getting the job done. They have to continually cut prices to be competative and margins are shrinking to just above break even. Kocher is doing his best to turn this baby around but this is a monumental task. MU (parent company) is hurting and may have to sell MUEI in the near future to raise cash if chip prices stay below $2. MM

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