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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2377)	10/31/2001 5:16:18 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 99280

Micron Tech says orders improving since Aug quarter NEW YORK, Oct 31 (Reuters) - Leading memory chip maker Micron Technology Inc. (NYSE:MU - news) said on Wednesday that orders for its chips have strengthened since the quarter ended in August, as the amount of memory per personal computer is increasing. ``We did say that orders have been stronger over the August quarter so far to date,'' said spokesman Kipp Bedard, referring to comments made at a Prudential Securities investment conference on Wednesday morning in New York. Bedard declined to comment on which PC customers were ordering more of the dynamic random-access memory, or DRAM, chips that are found in personal computers. ``The only thing we can confirm for sure is that the memory per box content has grown considerably since August,'' Bedard told Reuters. That increase in memory-per-PC could partly be explained by the release of Microsoft Corp.'s Windows XP operating system on Oct. 25. Analysts have said that XP runs best on machines that have 256 megabits of memory, more than the 128-megabit chips that are still largely the standard. Boise, Idaho-based Micron Technology reported a fiscal fourth-quarter loss of $575.5 million, or 96 cents a share, compared with net income of $726 million, or $1.28 a share, a year ago. Sales fell 79 percent to $480.3 million. Those results include charges of $407 million, or 68 cents a share, related to writing down its equity investment in Interland Inc., formerly Micron Electronics Inc. and an inventory write-off. The memory-chip sector has been among the hardest hit in what is the worst-ever slump in the global chip industry, which was about $200 billion in 2000. Forecasts now project 2001 sales to decline 30 percent to 35 percent with a modest recovery beginning in 2002. biz.yahoo.com

To: Zeev Hed who wrote (2377)	10/31/2001 5:39:11 PM
From: anon	Respond to of 99280

i know the turnips forecasting record but i don't know "Zeev Hed's" forecasting record, so who should i believe? -vbg- i don't think i've ever seen "Zeev" make a market call. :] the close gave me a bearish pattern for tomorrow, it looks like we'll get one those "mark 'em up in the AM" then "sell 'em down" all day pattern.. with a lunch bounce in between.

To: Zeev Hed who wrote (2377)	10/31/2001 5:46:13 PM
From: Mike M	Read Replies (1) \| Respond to of 99280

I don't know Zeev. Sometimes the brain plays funny tricks on you. Pilots will tell you to trust your instruments. I was looking for a weak close and a run back towards 1625 before we springboard. But I have little feel whether there is enough technical juice to get us back to 1793...Perhaps there is some good news on the war front or in the market place.... We will see. I do agree that 51% in cash looks like fence straddling....I too have boxed up much of my long positions and consider myself insulated from tomorrow's actions. But you get in and out w/ such agility that 51% is a dangerous indicator....<g>

To: Zeev Hed who wrote (2377)	10/31/2001 8:50:43 PM
From: m1o2n3i4c5k6	Read Replies (1) \| Respond to of 99280

Z, at the risk of exposing how obtuse I am, are tomorrow'a turnips now repeating what those at Otis say, "down?" (g) Tomorrow, and until perhaps mid December, there will be a spiraling down of the Nas? Further, the likely hood of upside above 1720 from here is slight so donning the bear suit is the prudent investors best course of action.Thanks.