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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: Earlie who wrote (35696)	6/24/1998 9:22:00 PM
From: Dave Gahm	Read Replies (3) of 53903

Here's what Andy Kessler had to say today in a street.com article: The sign of a bottom or that we are past a bottom is when prices stop dropping. The price of 16 meg DRAM is $1.60 today, down from $3 not long ago and $8 not much long before that. Companies are losing money shipping 16 megs at $1.60. Everyone hates that price. But if it goes to $1.50 and then goes no lower, just close your eyes and grab what you can and the wait won't be long. Micron (MU:NYSE) isn't stupid. It knows its purchase of Texas Instrument's (TXN:NYSE) capacity will pay off down the road. It always does. Let's see, if MU is not stupid, then what does that say about TXN? <G> This article pretty well illustrates the "this is the bottom" mentality driving the market. Maybe it is, but it sure smells like a sucker's rally to me. Regards, Dave

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