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To: Carl R. who wrote (46722)	6/24/1999 1:27:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 53903

Carl, We just have to agree to disagree on this one. Lots of cos. are still in business that have been every bit as lousy as MU. AMD comes to mind right away. But that does not mean that you should overpay for a negative growth situation. BTW, there is very little in the way of stale estimates in the investment business. People who follow the co. update their estimates regularly. That is what they are paid seven figure salaries to do. True, every once in a while you will have an analyst leave a firm and his old estimate fall into the pile. But the fact that the estimates and the results dropped like a rock while the stock went up in price don't jive. The last estimate I saw on Mu was ABN AMRO's silly 2 cents for last quarter. That they could still think this firm would make money shows how lazy the analyst was and how much MU can snow them. But, good luck to you. If there weren't so many bulls on Mu, there would be no profits for put buyers to make. <g>

To: Carl R. who wrote (46722)	6/24/1999 2:16:00 PM
From: benwood	Read Replies (1) \| Respond to of 53903

>If you look only at estimates made in the last month or two the consensus was much closer to -$.07. Thus they did miss by a few cents, but that was hardly a disaster. Seriously, why didn't the company guide the analysts to minus 25 cents, thus making this quarter a blowout? I just don't get this game at all... isn't the only thing required nowadays in this "new era" market beating estimates? Who cares if you're losing your shirt, your warehouses are bloated, the memory glut grows, your offshoot business of the future dies an ignominious death, as long as you meet or beat estimates?