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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (24377)	3/29/2001 10:39:45 PM
From: JoeinIowa	Read Replies (2) \| Respond to of 29382

Sergio, MUs numbers out and its hard to believe how bad they are in terms of sales. They are basically running break even for the quarter. I do not see anu guidance for next quarter but it could be brutal. DRAM prices have firmed but demand may take a hit with the way PC sales have dropped off. Should be interesting to see how the analysts treat them. Joe Micron Swings to Net Loss as Sales Drop 8.1% Amid Chip Slowdown A WSJ.COM News Roundup BOISE, Idaho -- Micron Technology Inc. swung to a net loss for its fiscal second quarter as revenue dropped 8.1% amid a slowdown in orders and decline in semiconductor prices. Micron Electronics Plans to Sell Ailing PC Business, Buy Interland (March 26) Micron Delays Quarterly Profit Report, Says Revenue Will Likely Miss Targets (March 22) The chip maker last week postponed the announcement of its second-quarter results so it could consolidate financial statements from Micron Electronics Inc., a majority-owned subsidiary that makes personal computers and has traded separately since 1995. Micron warned at the time that its revenue would fall short of expectations. Micron said Thursday that its net loss from consolidated operations came to $88.3 million, or 15 cents a diluted share, for the quarter ended March 1, compared with net income of $161.3 million, or 29 cents a share, a year earlier. Excluding items, Micron said its loss from continuing operations, net of taxes, was $4 million, or a penny a share. Analysts surveyed by Thomson Financial/First Call were looking for a loss of three cents a share. Analysts lowered their estimates from a loss of a penny a share on revenue of $1.37 billion after Micron delayed the release of its earnings report. Micron said its latest results include the effects of the $84 million net loss from Micron Electronics' discontinued PC operations, plus the net loss from Micron Electronics' continuing Web-hosting operation. Revenue, meanwhile, fell to $1.07 billion from $1.16 billion a year earlier. Semiconductor sales came to $1.05 billion, compared with $1.15 billion a year earlier. Web-hosting revenue doubled to $14.5 million from $7.2 million. Micron said that the average selling price of its memory chips fell 50% from the first quarter as a result of weak consumer demand and a build-up of inventory in the PC industry, although results were partially offset by a roughly 33% rise in megabits shipped. Gross margin on sales of semiconductor products decreased to 18% for the second quarter from 49% for the first quarter, reflecting the lower average selling prices for semiconductor-memory products, Micron said. The company reported results after the market close. At 4 p.m Thursday on the Nasdaq Stock Market, Micron shares were up $1 to $45.25. Also on Thursday, Micron Electronics revised fiscal second-quarter revenue figures from its HostPro unit because of the company's decision to sell some operations but said the adjustments had no impact on it overall bottom line. HostPro's revenue was reduced slightly to $14.5 million from the previously reported $14.7 million while year-earlier revenue was increased to $7.2 million from $6.6 million.

To: Sergio H who wrote (24377)	3/30/2001 9:39:10 AM
From: Ditchdigger	Read Replies (3) \| Respond to of 29382

Well, idea of the day<g>..I just bought a basket of alternative power/utility stocks..AVA(particularly like the spinoff possibilities with this one)..PLUG and HPOW..longterm holds, come hell or high water!!..Cashflow is up for the sector, bands have narrowed, and they appear to be wanting to break up through the upper band..or I paid to much<LOL>..later..DD AVA conference call is very informative..but long, lot of insight in there though,,especially hydogen production as it relates to selling the fuel to the industry, not to mention fuel cells... videonewswire.com