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 207.36

+3.0%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Graybill who wrote (44361)	3/25/1999 8:55:00 PM
From: John Graybill	Read Replies (1) of 53903

Here come de downgrades...here come de downgrades... March 25, 1999 20:43 RESEARCH ALERT - Micron estimates slashed SEATTLE, March 25 (Reuters) - NationsBanc Montgomery Securities sharply reduced its fiscal 1999 and 2000 estimates for Micron Technology Inc. Thursday based on expected further declines in chip prices, an analyst said. For the current year ending Aug. 30, the brokerage cut its estimate to $0.05 per share from $0.22, analyst Jonathan Joseph said in a report. For 2000 the earnings estimate was cut to $1.30 a share from $2.35. Joseph said U.S. spot prices for 64Mbs memory chips are in the low $8 range and "should head rapidly to the $7 range, a new low." The brokerage retained its hold rating on the stock. newsalert.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next