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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (6464)	6/27/2002 4:48:56 PM
From: manny t	Read Replies (1) \| Respond to of 17639

MU, Jorj,I asked Zeev about MU.This is his reply: If an downgrade comes, you can expect a sharp reaction, but I think that for the next two weeks $16.5 will hold, I would worry about MU after the short summer rally, however. I think that MU is already close to the top of its current trading range (I would say top $22). Zeev

To: Jorj X Mckie who wrote (6464)	6/27/2002 5:19:53 PM
From: Dave Gore	Read Replies (2) \| Respond to of 17639

Jorj, FWIW - Dan Niles was on CNBC earlier and spoke that MU was trading at half its book value. So he recommended it. Actually that's not what Yahoo says, so who knows? It's a mediocre and probably dishonest company in my mind, but the stock gets some Wall Street support, more than it should. BTW- He didn't like Intel, so he's right there anyway. Price to sales for that company are still way too high, but it too will bounce back strong at some point, especially if business cycle buying comes back later this year.