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Technology Stocks : Micron Only Forum

MU 284.79

-0.7%

Dec 26 9:30 AM EST

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To: TREND1 who wrote (34545)	6/8/1998 12:35:00 PM
From: Mike M2	Read Replies (1) of 53903

Larry, IMO what Micron's stock price is telling us is manipulation. I read these forecasts of DRAM stabilization in 199x and conditional statements like DRAM prices will stabilize if .... As each absurd earnings forecast for the future becomes the present we see estimates lowered with a promise of a rebound in the future which has yet to appear. To the best of my knowledge no street analysts or "research" group saw the present glut and associated losses coming. We do know that sharp people like Mike Burke, Earlie, Fred Hickey saw this coming for a long time. Micron is in deep kimshee and there is no reason to believe their situation will improve significantly for several Q's . There are many other aggravating factors such as the spread of SEA flu,Japan's economy will continue to weaken. The business cycle has not been repealed and the US economy will turn down eventually. Mike

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