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Technology Stocks : Micron Only Forum
MU 284.79-0.7%3:59 PM EST
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To: wily who wrote (39207)9/28/1998 9:49:00 AM
From: Carl R.  Read Replies (1) of 53903
 
I have no comments on the allegations of "cooking the books" except to state that the bears have been making the same complaint for two years. Every earnings report they predict a disaster, and then if the report is better than anticipated, or if the stock rises following earnings the complaints are the same: management is lying about the future, management is lying about the present, and management is lying about the past. When it comes right down to it, MU's business is pretty simple as they make only one product line, memory. And it doesn't strike me that there can really be that many places you could hide the multi-billion dollar losses that the bears have been predicting.

I am much more concerned about the huge outstanding in-the-money call position. If earnings or the conference call aren't a blow out, these calls could be a definite negative factor until expiration.

Carl
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