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Technology Stocks : Micron Electronics (MUEI)

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To: Captain Jack who wrote (3854)5/18/1999 11:20:00 PM
From: Mr. Park  Read Replies (1) of 4074
 
Been away from MUEI for a while. After last quarter's warning I still have a bad taste in my mouth. I think that may be the case with many investors. Until MUEI consistently meets or exceeds estimates this puppy is stuck. Boxmakers are out of favor and Dell is the only exception. Then again Dell's earnings and revenues are stellar but not growing fast as it used to. Thus, Dell is its own curse and rises in revenue of 50% or greater is a thing of the past. When the leader of the industry gets whacked what do you think happens to tier two players. DELL has a possibility of surprising the street here or there do to its intensive marketing in different nations if the world as well as its reputation for quality. Don't get me wrong, MUEI puts out a good product but so does my local computer company who will sell me a custom built computer for 20-30% less than a branded one. I seriously thought when Joel Kocher took over MUEI would be a baby DELL in the making. Instead it is the same company except there are occasional commercials as well as a MICRON BOWL. Seriously...pull up a five year chart on MUEI. In that time it has not gone past 25 a share and has been as low as $3 a share. However, if one plays MUEI right they can just buy now and unload at the $20 range. The problem is at some point the runs to $20 will no longer happen and the ending result will be disastrous for the shareholders.

IMHO
IcyGual
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