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Technology Stocks : Micron Only Forum

MU 236.09

-1.8%

10:56 AM EST

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To: John Graybill who wrote (35642)	6/24/1998 6:18:00 AM
From: Skeeter Bug	Read Replies (1) of 53903

these guys are paid tock pimps and not analysts... good catch... >>Not so fast there, Monty! "Micron" is "Micron Semiconductor" and 64% of MUEI. MUEI was more than half of MU's reported sales this past quarter (HOW DOES THAT ACCOUNTING WORK!?) but nowhere near half of MU in market cap. (64% of 95M shares * $11/share = $670M, compared to total MU valuation of 210M shares * $24/share = $5.04B.) That's about 13%.) Knock out MUEI's (major) contribution to the sales and knock out its (minor) contribution to the price and that price-to-sales figure is gonna go way up.<<

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