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

To: Michael Bakunin who wrote (47381)	7/29/1999 12:50:00 PM
From: Jeff Leader	Read Replies (1) \| Respond to of 53903

Do I recall correctly that MU said recently their goal is to reduce production cost to $5 by year end? If that is the case, and they have only been getting $4.50 so far this Q (lower than I had thought) their losses this Q will be in nine figures. I see that the analysts' estimates for this Q have been silently slipping down, even as they reiterate their 'buy' ratings. I guess the analysts are now following momentum more than the company's fundamentals. I have to give 'them' credit for having some huge brass ones. Running this stock up in the face of crappy fundamentals, coming into a seasonally weak period for the stock market, with Y2K looming, and in the face some large potential overhang is truly impressive. Did I read the 13D correctly - Intel bought their rights at $31 5/8? Are they free to sell at any time, or is there a lock-up period? They're looking at a nice double right now.

To: Michael Bakunin who wrote (47381)	7/29/1999 3:44:00 PM
From: Skeeter Bug	Respond to of 53903

>>Micron speculated that DRAM prices, currently at a little over $4 for a 64-megabit module, would rise to over $5 as early as August of this year, and perhaps rise as high as $6 by the end of the year...<< speculate on the unknown future (to self advantage, i might add)... >>Micron, which has lost money in 5 of the last 6 quarters, declined to speculate on when they would reach profitability. They also dodged the question on how the expected $1 billion in expenses to meet the demand would effect [sic] the balance sheet. Furthermore, they declined to comment on whether a $6 DRAM price was more or less than the cost to produce the DRAM."<< don't speculate on anything having to do with reality ;-)

To: Michael Bakunin who wrote (47381)	7/30/1999 9:08:00 AM
From: Kathleen capps	Read Replies (1) \| Respond to of 53903

Micron Technology (MU:NYSE) spokesman Kipp Bedard said that memory spot market prices were near an all-time low of about $4 per 64 megabit DRAM a month ago but have since climbed to between $5 and $6. And contract prices offered to top-tier computer makers like Dell (DELL:Nasdaq) are also rising. "Demand there looks great," Bedard said, adding that the computer makers seem to be aggressively stocking up on inventory in anticipation of back-to-school sales. This increase in business wasn't expected for several weeks. "The biggest concern we have is misreading the market and not having enough product." Skeeter, lets not forget famous Kipps words..."...demand remains strong". Kathleen