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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (42729)	11/30/2000 8:24:42 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Son 'O POS warns: dailynews.yahoo.com Thursday November 30 8:07 PM ET Micron Electronics Warns of Dismal Holiday PC Sales PALO ALTO (Reuters) - Direct personal computer maker Micron Electronics Inc. (NasdaqNM:MUEI - news) joined its larger rival Gateway Inc. (NYSE:GTW - news) on Thursday by warning that sales and earnings will fall below forecasts, blaming flagging holiday PC sales and declining memory chip prices. The Napa, Idaho-based company said that for fiscal first quarter ending Nov. 30, it will have sales of $385 million to $400 million, and that earnings per share will range from 1 cent to 4 cents when results are announced Dec. 20. The per-share estimate from Micron Electronics is far below the First Call/Thomson Financial consensus analyst forecast of 11 cents. In addition to the slow holiday PC sales, Micron Electronics said that falling prices in dynamic random-access memory chips, or DRAMs, were largely to blame for the earnings shortfall. Micron Electronics shares $1-1/16, or 17 percent, to $5-5/16 on the Nasdaq. The shares are at a year-low and well off their hear high of $20-11/16. The company issued the earnings warning after the close of regular U.S. trading. Ignore. More company/sector/industry specific noise...<G>