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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (10160)	10/4/1999 5:57:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 14427

Hey Pappy, here's what's happening with your old POS... Monday After Hours : Micron Technology (MU 74 +2 1/2) dominated the after hours this evening following the release of its fiscal Q4 earnings report. Much attention has been placed on the chip sector lately with this group outperforming the rest of the tech sector as supply has been crimped, particularly following the Taiwan earthquake, while demand has improved. And Micron did not disappoint either as this memory chip maker reported a narrower than expected loss in fiscal Q4. According to Micron, it lost $0.07 per share, eleven cents narrower than the First Call estimate, compared to year-ago loss of $0.43 per share. Sales also improved, rising 56% to $1.08 billion. The company noted that current market conditions are encouraging and this improved outlook allowed the stock to move higher in after hours trading. Micron's report should provide some support for tech stocks tomorrow, especially the chip sector, although concerns over what the Fed might announce later in the session is likely to dampen trading activity.