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Technology Stocks : Micron Only Forum

MU 207.58

-8.1%

12:26 PM EST

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To: DJBEINO who wrote (41624)	12/23/1998 7:21:00 PM
From: John Graybill	Read Replies (2) of 53903

I still don't get it! 1) MUEI reported sales of $364M in Personal Computer Systems. MU owns 60% of MUEI stock. MU reported sales of $352M in Personal Computer Systems. How can MU claim all of MUEI's sales? 2) MUEI dropped 15% sharply and immediately because its PC sales were down 20% from the same period last year. Micron claims those sales (and drop in sales) as its own as well. Will MU drop somewhat tomorrow morning for exactly the same reason? Micron's total sales dropped by "only" 17% ($793.6M vs $957.3M) year-to-year instead of MUEI's 20% drop. If a 20% drop in sales results in a 15% drop in stock price, then a 17% drop in sales would result in a 12% drop in stock price, and MU would be down 6 or so tomorrow. But that's based on math and logic. Given the after-market trading results already posted here, it looks like there will be no drop at all.

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