Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 201.37

-10.9%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Graybill who wrote (43870)	3/16/1999 10:54:00 AM
From: A. A. LaFountain III	Read Replies (3) of 53903

Re: Great info or total BS What's scary about this process is when opinion is stated as fact. For example, a major investment bank published a Strong Buy on MU on 1/15/99 at a price of $69 with a $90 target and stated on the front page in the company "blurb" (the short description) the following: "Micron Technology is the largest supplier of DRAM memories [sic] in the world with 15-17% market share after the acquisition of Texas Instrument' DRAM assets." This, of course, was palpable nonsense that would not have stood up to the most cursory investigation, but was stated as fact. Under New York Stock Exchange rule 472, "No member or member organization shall utilize any communication which contains (i) any untrue statement or omission of a material fact or is otherwise false or misleading..." The workarounds here are fairly simple: opinion is labeled as such (e.g., "We believe..." or "In our opinion...") and facts are sourced (either with a source note to a table or in the text [e.g., "According to market research firm IDC, Micron's share of the DRAM market in 1998 was..."]). I think it's a minor miracle that the plantiffs' bar hasn't jumped all over this situation (i.e., a $20 point loss in two months when the fundamental facts are misrepresented). But my point is that this thread would probably benefit from a similar set of distinctions - facts presented as such (and documented or sourced) and opinions clearly labeled. We all are denied enlightenment when the two are allowed to masquerade as each other. - Tad LaFountain

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next