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To: John Graybill who wrote (47346)	7/28/1999 4:15:00 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 53903

john, nice run up at the close.

To: John Graybill who wrote (47346)	7/28/1999 5:48:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

John, another great moment in journalism: Wednesday July 28 2:23 PM ET Micron Tech Sees Uptick In Memory Chip Prices SAN FRANCISCO (Reuters) - Micron Technology Inc. (NYSE:MU - news), the biggest U.S. maker of computer memory chips, expects memory chip prices to rise slightly starting next month due to an acceleration of demand and lower inventory levels, a Micron executive said Wednesday. Micron's vice president of corporate affairs, Kipp Bedard, told a BancBoston Robertson Stephens semiconductor conference that memory chip prices climbed during July and have been gradually moving up from a price range of $4.50 to $4.75 for a 64-megabit chip. He said he expected prices to rise to about $5.00 to $5.25 starting around Aug. 1. dailynews.yahoo.com Is that even close to being accurate? ''You will hear us talk more about shortages here and there,'' Bedard said. I echo your sentiments. 19% rise to hear the Kipster talk about rising prices and more memory per box. Does this set some kind of pre-tout two-day record? What will Dan "sell with risk until the low 30's" Niles have to say in his next marketing brochure? Will the Dow Jones write-up on the conference contain a Niles quote about rising prices - which would make it 3 years running? Will the stock repeat its pattern of the last two years and put in its post-Robbie Stephens top on August 7th (8-7-97, 60 1/16; 8-7-98, 36 7/16), which is strangely similar to the fact that for the last 2 years running its hit its 1st quarter top also on the same day, February 4th (2-4-98, 38 15/16; 2-4-99, 80 9/16). Would the phrase "forces of evil in a bozo nightmare" be applicable here? <g> Good trading, Tom

To: John Graybill who wrote (47346)	7/28/1999 7:33:00 PM
From: tom rusnak	Read Replies (1) \| Respond to of 53903

G'day John, I know you've been looking at November for the grand daddy of all tout fests, but could this be it instead? Perhaps they've thought that the market conditions later on this year won't suit them: the September EPS will probably miss expectations, October could bring the whole house of cards down, Year/2000 worries could cause a downturn as well. The Convertible Notes [owned by TXN] are convertible into 12.3 million shares of MTI common stock at a conversion price of $60 per share. The Convertible Notes are not subject to redemption prior to October 2000 and are redeemable from that date through October 2002 only if the common stock price is at least $78.00 for a specified trading period. I think the specified period is 20 days out of 30. If they try to achive that by September EPS then they need to get to $78 by early/mid August. Your thoughts on whether this is the Mother of all runs? tom