Gary:
It's not been a pleasant month for MU. First, the MB gang swat them for fibbing to the public. Then, Tom B smacks them for jazzing the market share number. Later, a few of us point out that their expectations with respect to Dram supply and demand appear a bit stretched, particularly with Dram production doubling due to yield and PC sales in the toilet. Nor is there any let-up. Needham's analyst is sufficiently angered (and I don't blame him, knowing what happened) and comes on to the net to cuff the company behind the ear for suggesting the impossible. Some dolts like Earlie point out that Rambus may be a stillborn (and MU's locked into it by INTC money). Then there's April,...closing in with its promise of snow storms of stock inundating the market courtesy of INTC and TXN. And finally, Capital, (a big institutional holder) files to slop a few shares to the lambies before those other ruffians come in and spoil the party and Goldman, home of the world's top semi analyst, Ms. Abby, decides that they don't feel quite as bullish as before. Tsk, tsk, tsk.
Makes it tough for the lined up insiders to get near the sell wicket. (g)
Best, Earlie |
