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To: phbolton who wrote (46752)	6/24/1999 5:39:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 53903

>>"Semiconductor gross margins declined from 32 percent to 23 percent, quarter to quarter, and are headed to five percent in the fourth quarter. In addition, DRAMinventories increased from about three weeks to just under seven weeks, and are now approaching eight. << is this the not so bad news everyone is talking about? this is horrible. mu is betting the house that korea holds back inventory. i think they lose the house. >>"We are lowering 1999 and F2000 earnings per share estimates, from $0.24 to a loss of ($0.48) and from $1.88 to $0.20, respectively.<< >>"Consequently, we would use the recent rally to sell the stock with risk to the low $30s," said Niles.<< so, the risk is 150 times 2000 earnings? that is the downside? was he smiling when he said that? ;-)

To: phbolton who wrote (46752)	6/24/1999 5:56:00 PM
From: Knighty Tin	Respond to of 53903

PH, Somebody got the eps from yesterday wrong in the report. <G> I wish I could blame Niles, but it was probably somebody else in the publishing process.