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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: A. A. LaFountain III who wrote (46339)	6/15/1999 9:29:00 PM
From: phbolton	Respond to of 53903

Geez, excess inventory, prices dropping... what a surprise! I particularly liked "Micron is targeting cheap PCs, betting that if those machines use more memory, that will spur demand for additional memory in more-expensive machines as well." as the stupidest comment I've seen in awhile. Next dumbest "Sales of retail PCs costing less than $1,000 more than doubled in April." Doubled since when? Everyone knows that all the unit growth in the PC market in is sub 1k, even I have posted that the "price elasticity" of DRAMs in the sub 1k market is about 0. My translation of "two to three weeks more inventory" means a total inventory of 5-6 weeks. It also means I'm thinking of revising my estimate for the quarter down to the -0.25 to -0.35 range. Look for the revised Dan Niles numbers soon. Low retail on MU 64MB/PC100 now $40.

To: A. A. LaFountain III who wrote (46339)	6/15/1999 9:45:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

The poor editing of tech news never ceases to amaze me: Micron Technology Inc., the largest U.S. maker of memory chips, may offer incentive programs to personal-computer makers to get rid of excess inventory, a Micron vice president said. The company doesn't have current plans to offer price incentives to PC makers, said Kipp Bedard, Micron's vice president of corporate affairs. We all know that "doesn't have current plans" is weaseling, but for the reporter to write down, well, that means that they might, is simply a waste of space and time. And it's as inexcusably misleading as a lead sentence could be.