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Technology Stocks : Micron Only Forum

MU 236.48

+2.7%

Nov 28 9:30 AM EST

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To: Carl Held who wrote (41023)	11/23/1998 8:50:00 PM
From: Carl R.	Read Replies (1) of 53903

The stock should test 48 tomorrow. If it breaks through, 50 is likely. If chip prices are still rising and MU is in fact going to raise prices next week, the stock should break through 50 fairly easily. At $10 MU is definitely profitable, probably even with TI thrown in. What a break for MU. Rather than burning up cash selling TI produced chips at below cash, MU can use the cash for the badly needed upgrades, and make a tidy profit on the MU produced chips. Carl

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