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To: Proud_Infidel who wrote (4353)10/4/2000 6:13:34 PM
From: Dave Gore  Read Replies (2) | Respond to of 5867
 
Brian, All: The Clouds are Clearing!

Micron just announced earnings and they were really astounding. Not only beat by 24 cents by CNBC reported they had 58% margins! Seems to me the whole sector should advance soon. This is really positive. LRCX is in a good position to move now that the clouds are clearing.

(COMTEX) B: WRAP: Micron Tech beats Q4 views, cites surge in megabit
B: WRAP: Micron Tech beats Q4 views, cites surge in megabit sales

By Katherine Hutchison, BridgeNews Chicago--Oct. 4--Micron Technology Inc.
said Wednesday that a 140% jump in sales of megabit semiconductor memory helped
it beat fourth-quarter earnings expectations by 24 cents a share. The Boise,
Idaho-based chipmaker reported fourth-quarter results after the closing bell
Wednesday, posting net income of $726.7 million, or $1.20 a diluted share, on
$2.6 billion in sales. A year ago, the company lost $17.4 million, or 3 cents a
share, on $1.1 billion in sales. Analysts surveyed by First Call/Thomson
Financial had expected Micron to earn 96 cents a share for the quarter ended
Aug. 31. More

[slug: MICRON-EARNS]