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

To: Carl R. who wrote (46679)	6/23/1999 11:32:00 PM
From: Patrick Hennessey	Read Replies (2) \| Respond to of 53903

Carl, I think many after taking a closer look at the numbers will realize that business for Micron is slowly turning around. Considering how nasty the last 3 yrs. have been, the last 3 qrts. don't look that bad. In the last year sales have been up, losses down, and yes 1 qrt. a profit was made,in what has really been a tough year for many in the industry. If Micron is one of the low cost producers and they probably are, then it's just a matter of time till they return to real profitability. Also short interest jumped last month from 9,329,136 to 15,125,768 a 62% increase. This report will no doubt add to this number and I expect it will rise through the summer just in time for a rally in the fall. Seems to happen that way every year!!! Pat

To: Carl R. who wrote (46679)	6/24/1999 9:43:00 AM
From: John Graybill	Respond to of 53903

Carl, the CC number is in the earnings press release near the bottom, gotta call it before 7 PM tonite though. Too hard for me to include a URL this morning, I'm on web TV.

To: Carl R. who wrote (46679)	6/24/1999 10:39:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 53903

Carl, Nobody expected them to make money? Except for the analyst consensus, of course, which was 16 cents when the quarter started and fell to breakeven before the analysts discovered they had been suckered. Again! <g> Of course negative 10 cents with an estimate of zero is a disaster. The fact that the negative 10 cents is phony and the loss was at least double that without the inventory scam makes it look even worse. Who cares what kind of condition others in the DRAM business are in? MU is the only one with grotesquely overpriced stock. Their cash declined $200 million plus. That is not holding on to cash. The inventory scam was especially huge given the price drop of DRAM. They have used this trick before to fool the gullibulls. If it is so bad that even the always touty Kipster has to preannounce it, you know that they are worried about inventory levels. Carl, be careful with this co. You seem to want to see the dry cup as half full and that could kill your portfolio. Outside of PR hype and pronouncements from brain dead analysts, this is one of the worlds' most overpriced trading sardines. Good Luck, MB