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Technology Stocks : Micron Only Forum
MU 225.89-1.1%Nov 19 3:59 PM EST
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To: VLAD who wrote (41623)12/23/1998 6:25:00 PM
From: steve nguyen  Read Replies (2) of 53903
 
MU was expected to lose 40 cents as this quarter started
out and then re-adjusted to 32 cents lost as the DRAM
price stablized and re-adjusted again to 28 cents as
the DRAM prices recovered. So w/ 19 cents lost, that's
over 50% improvement since the quarter began. Or beating
the EPS by 9 cents means more than 33% improvement in just
the last few weeks since the last earning estimate was just
last week. This is incredible. Look like DRAM prices are
recovering faster than WS originally anticipated.

Steve
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