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

To: jhg_in_kc who wrote (51386)	6/4/2000 3:41:00 PM
From: Steve Robinett	Read Replies (2) \| Respond to of 53903

--jhg What do I think of Smith Barney's $1.99/shr earnings estimate for MU in 2000? In Q1, we had $.60/share due to a Taiwan earthquake shortage. In Q2, we got back to "normal" with $.29/share. Based on the average selling price of 64Meg PC100 SDRAM in Q3 (MU's major product in the quarter), I estimate $.20 for the most recent quarter. That equals $1.09. To get $1.99 for the here, MU has to make $.90/share in Q4. That will require an ASP of something like $9. What do I think of that $1.99 estimate. Whoever put it out is dreaming. (Speaking of double-talk, what's the difference between "buy" and "accumulate" in Smith Barney's comment? How do I place an accumulate order but not a buy order?) As I said in my original post, I'm guesstimating $1.35/share in 2000. Best --Steve

To: jhg_in_kc who wrote (51386)	6/4/2000 11:21:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 53903

"If we really see supply growth decelerate as we expect, there is considerable upside to our earnings estimates for Micron," Osha said. why not tell us what that is? btw, you can't have it both ways. you can't say that dram prices will firm or go up and that pc makers expect an increase in eps growth. is salomon stating publicly that dram profits will hurt the boxmakers? or, rather, do they tout BOTH, knowing there is a good chance they will be right on one? ;-)