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Technology Stocks : Micron Only Forum

MU 315.34

+10.5%

3:59 PM EST

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To: phbolton who wrote (38656)	9/18/1998 4:47:00 PM
From: SKIP PAUL	Read Replies (1) of 53903

It's not the level it is the direction! This is classic economics 101 when a business becomes unprofitable many of the marginal players exit the business or consolidate leaving the stronger players to make a lot of money due to reduced competition and cyclical increase in demand. Micron is very leveraged to even minor change in DRAM prices.

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