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To: marginmike who wrote (86748)	3/28/2001 10:13:21 AM
From: IceShark	Read Replies (1) \| Respond to of 436258

No, it started going up way before that. My current theory is that Axa is going to buy the whole damn company. It traded at 28 not so long ago, if you can believe that. Anyway, the current firming in dram is likely due to the fab shutdown due to that earthquake the other day.

To: marginmike who wrote (86748)	3/28/2001 10:14:55 AM
From: Lucretius	Read Replies (2) \| Respond to of 436258

no... they've bounced 70 cents.. yawn...... MU is rigged, period

To: marginmike who wrote (86748)	3/28/2001 10:45:13 AM
From: Earlie	Respond to of 436258

MM: Dram prices are firming. BUT, the articles leave out a tiny fact that might be useful, which is that current prices are still well below all-up cost to produce. When selling prices fall below cost to produce, they rarely reach zero (Dram prices looked for a while as though they might do just that). While the analysts can cause investors to get lathered, a glut is a glut and price movements below cost to produce are just noise. It would surprise me greatly if memory prices made it back to cost to produce any time this year. Best, Earlie