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Technology Stocks : Micron Only Forum

MU 241.68

-6.5%

3:27 PM EST

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To: Skeeter Bug who wrote (35478)	6/19/1998 9:27:00 PM
From: mike iles	Read Replies (1) of 53903

Skeeter, I still believe MU is grossly overvalued at current levels ... but I'm impressed with this TI deal. I think (Larry, this is an opinion) it gets them out of a life-threatening jam. And I still think their secret pre-release to favoured analysts is slimey. But when you stand back and look at the fact that they're the only (as fer as I know) independent company 100% devoted to the memory market (I agree ... right now this is not something to brag about) and they compete mainly with big conglomerates who are heavily subsidized by their governments ... and you consider that they're still alive and it looks like they will survive what has got to be one of the worst cycles of all time ... well my conclusion (and I've been tracking this dog closely) is that at the right price (say a $1 billion market cap for the memory business) and at the right time this could be a helluva investment ... Appleton is just incredibly tenacious .... I realize this may get me cast out of the brotherhood of forever bears and so I voice these comments cautiously (g) ... still got my puts and still looking for single digits .... regards, Mike

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