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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (53527)	2/4/2002 10:47:44 AM
From: Ohkami	Respond to of 53903

IMHO Hynix will sell to Micron some time this week or next at a price of around $4 billion.

To: Bilow who wrote (53527)	2/6/2002 9:14:53 AM
From: Ted Downs	Respond to of 53903

From Soundview; 1) Investors in Micron Technology at current prices are paying less to own a slice of the worldwide DRAM industry than at most points of the last many years. 2) By this measure, the only time MU was a substantially more compelling value than it has been of late was in the fall of 1998. Back then, MU was a great value - even without the benefit of any clear catalysts. Today, MU offers a combination of fundamental value and momentum. 3) When investors have paid as little as they are now required to own a slice of the DRAM market, the historic returns on the stock have been impressive. 4) If MU buys Hynix, MU will be an especially inexpensive vehicle for owning a slice of the global DRAM market - even if equity is issued to close the transaction. 5) The current spread between MU and INTC indicates that MU is the much more interesting investment vehicle. Right now the market is imputing as low a value on the worldwide DRAM market relative to the worldwide microprocessor market as at any time in years. When MU has become this inexpensive relative to INTC in the past, MU has consistently outperformed INTC over the next three, six, nine and 12-month periods - sometimes by spectacular margins.