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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (41888)	2/6/2001 4:16:59 PM
From: FJB	Read Replies (2) \| Respond to of 70976

DRAM news Micron plans two 300-mm pilot lines within the year siliconstrategies.com Merrill Cuts Micron Forecasts On Inventory Issues (MU) (NewsTraders.com)--Merrill Lynch analyst Joe Osha commented Tuesday that his research reveals that Micron Technology (MU) has become "significantly more aggressive" in its push to reduce its DRAM inventory, prompting him to slash his fiscal 2001 earnings and revenue estimates for the semiconductor memory company. Osha lowered his fiscal 2001 EPS estimate to $1.42 from $2.86 and cut his revenue forecast for the year to $6.2 billion from $8.2 billion. Despite the reductions, Osha held his ratings on Micron at intermediate-term "buy" and long-term "accumulate," commenting that he feels a weak spring is already priced into the firm's stock. The analyst added that Micron's market position is unchanged. Micron has nearly a quarter's worth of inventory that it is looking to take off its balance sheet, Osha said. Shares of Micron were recently up $0.37 at $38.65. Message 15304466