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Technology Stocks : Micron Only Forum

MU 236.50

+2.7%

Nov 28 12:59 PM EST

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To: J. P. who wrote (42647)	2/2/1999 9:31:00 AM
From: John Graybill	Read Replies (2) of 53903

Not discounting it, no. But now that we have "negative" news coming out, its effects will be diminished. Two weeks ago, my assumption was that the tout-fests would be the only factor driving the stock during this week and next week, helped by news/spin of the LG strike continuing or getting worse, as was just posted. But in just the past two days, we have the NYT article getting the dirty laundry out into the open (with a subtle suggestion to SEC Chairman Levitt himself to take a look at it?) and last night's article that Intel is hedging its Rambus bets with Toshiba as well as Samsung and NEC. So the tout-fests will not be operating in a vacuum, as I had assumed they would. These two news items will be very real counter effects to the hot air of the tout-fests during the next two weeks. Instead of MU going up 5 or 6 points during that time, it might just stay in a tight range as the forces of good and evil duke it out on the tape. And that might not be the "worst" case -- DavidG's post a few back is a very real possibility as well.

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