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Technology Stocks : Micron Only Forum

MU 230.24

+2.5%

Nov 26 3:59 PM EST

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To: TREND1 who wrote (40132)	10/18/1998 10:53:00 PM
From: Dave Gahm	Read Replies (1) of 53903

Larry, The market does always discount the future based on what is currently known and could care little about the past. The 8KA contains some new info for the market to digest. My point is that the market has already factored in a very uncertain rosy future that is 1-2 years out, while not being aware of the level of pain and losses that it will take to get there. Until MU completes the upgrades, the acquired fabs will continue to rack up losses much higher than Boise. The current consensus for 99 earnings definitely does not reflect this. The analysts who follow MU are not exactly famous for independent thought, so I suppose the market will not become aware of this until MU reports 1st quarter losses....unless maybe TK reads SEC filings <g>. Regards, Dave

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