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

To: nolimitz who wrote (51738)	9/6/2000 10:52:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Micron Technology Cut to 'Underperform' at DLJ 9/6/00 6:35:00 AM Source: Bloomberg News Princeton, New Jersey, Sept. 6 (Bloomberg Data) -- Micron Technology Inc. (MU US) was downgraded to ''underperform'' from ''buy'' by analyst Boris Petersik at Donaldson Lufkin & Jenrette Securities. The 12-monht price target was cut to $50 from $122. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2000 2.48 2.43 FY 2001 6.24 5.36 +++++++++++++++++ 5 cent reduction in FY2000 and about $1 in FY2001 ...price target to $50... I DONT GET IT!!!