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Technology Stocks : Micron Only Forum

MU 239.40

-0.4%

Dec 2 3:59 PM EST

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To: sandstuff who wrote (40809)	11/10/1998 3:16:00 PM
From: Carl Held	Read Replies (2) of 53903

If you do your math, MUs price does not equal. Apparently a lot of wishful people must be taking into consideration for the year ending 2000 (Aug 2000). It amazes me how anybody can predict what this company will do 2 years from now. The math that I know says that earnings estimates for the year 1999 (Aug 1999) is -.14 per share. EPS for the year 1998 was -1.10 per share. EPS earnings estimate for Year 1999: -1.30 to 1.00 per share. Average is -.14. Now, lets take Intels P/E ratio of 29.54 (MU is no Intel, used for example), -1.30 x 29.54= -$38.40 1.00 x 29.54= $29.54 -.14 x 29.54= -$ 4.14 This is why I can say this stock is so over-priced. Intel paid $31.64 per share last month. Now, do your math and I would like to see what you come up with. This stock will be back in the 20s.

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