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To: jhg_in_kc who wrote (51381)	6/2/2000 12:10:00 PM
From: Skeeter Bug	Respond to of 53903

jhg, first of all, a brand new fab is or has come on line very recently. niles "research" isn't quite thorough. second, mu will not make $0.60 this q from operations.

To: jhg_in_kc who wrote (51381)	6/2/2000 12:45:00 PM
From: Steve Robinett	Read Replies (1) \| Respond to of 53903

--jhg Your numbers from Niles need to be cut in half to adjust for MU's 2:1 split. His increase of $.42 to $.60 becomes $.21 to $.30. If you do the arithmetic for the average selling price of DRAM for the last quarter, you'll discover that $.20 is more likely than $.30. Halving Niles $2.95 to adjust for the split gives $1.48 for the year. My guess is about $1.35 for the year but even assuming Niles $1.48/share, how is MU worth $80 when it is only earning $1.48. I'm sure Niles is giving his honest opinion but it is just that, opinion. What kind of earnings do you--in YOUR opinion--think MU has to show the world to go up three, four, or five times from here? Best --Steve