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To: Ian@SI who wrote (1490)	8/14/2000 3:41:25 PM
From: Xpiderman	Respond to of 1779

Aug. 13, 2000: Salomon Smith Barney said analysts Jonathan Joseph and Edward Sun raised fiscal 2000 and 2001 earnings estimates for Micron Technology Inc., the world's second largest chip maker. -- The analysts raised profit estimate for fiscal 2000 to $2.31 a share from $2.08 a share and estimate for fiscal 2001 to $5.60 a share from $5.25. -- The firm also raised its fiscal fourth-quarter estimate to $1.00 a share from 78 cents a share. -- The company believes the industry is still a couple of weeks from its normal seasonal pickup but that the early signs of a rebound are now coming in. What a Jonathan Joseph joke!!!!!!!!!

To: Ian@SI who wrote (1490)	9/13/2000 11:40:31 AM
From: Proud_Infidel	Respond to of 1779

Ian, With chip sales approaching $300B, at least $60B CapEx is warranted. Given the last couple years of underinvestment, closer to $100B is probably needed to bring supply back in balance with demand. Instead, the sector will probably see less than $40B investment this year aggravating the supply - demand imbalance. The above situations seems so obvious to me yet is never mentioned by any analysts!!!! You stated the facts well. A pedulum cannot swing too far in one direction without swinging farther in the opposite. Simple logic eludes many people on WS. BK