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Technology Stocks : Micron Only Forum

MU 344.97

+5.5%

Jan 9 9:30 AM EST

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To: Knighty Tin who wrote (5220)	12/3/1996 6:45:00 PM
From: Vasu ganesan	of 53903

Hi Michael: As you know, Hutchinson's earnings (more than double the expectation) kinda strenghtens market perception of accelerating corporate PC (Pentium Pro/NT)buying, especially coming from a disk drive supplier. I am not debating about DRAM price decreases. I am sure any new product will come down in price (and I absolutely agree memory prices are/will come down faster, than, say PC's). But the market preception is that MU has handled drastic price declines very well and the general feeling is that the trend is UP. Again as you know "trend" is God (UP or DOWN). Again, today's down market (at the very last minutes)was purely profit taking as determined by computers (last minute program selling) and certainly was not based on economic numbers (present or future) By the way, WOW! Hutchinson closed about 20 points higher today.

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