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Technology Stocks : Alliance Semiconductor

ALSC 0.810

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Jul 10 5:00 PM EST

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To: DJBEINO who wrote (4403)	12/24/1998 10:44:00 AM
From: DJBEINO	Read Replies (1) of 9582

Micron Technology (MU, $53.125, STRONG BUY)Target (12 Months): $70 MU reports 1QFY99 (DEC) EPS of ($0.19) 1QFY99 upside driven by lower than expected drag from integrating TXN (TXN, $88.75, Buy) operations though sales were lower than weanticipated Outlook remains positive as bullish input from PC OEMs could bolster prices at higher levels than previously anticipated Technology roadmap on track to support 20-25% sequential bit production growth rates through 1999 Raising FY1999 from ($0.24) to ($0.12) and initiating FY2000 EPS estimate of $3.10Reiterate STRONG BUY rating; raising 12-month price target from $65 to $70 Annual Prev. EPS EPS 8/00E $3.10 NA 8/99E ($0.12) ($0.24)

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