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To: ratan lal who wrote (22559)	10/21/1997 7:00:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

ratan, i want to see the model that, complex or not, that had mu anywhere near fair value at $60. it was nutso then and it is still nutso. mu over $30 with dram going sub $4 is also nutso. 64 mb at $21? looks like $5 is now a ceiling on 16 mb. wait until operational efficiencies take effect on 64 mb. 16 mb is naerly dead. time to stick a fork in it.

To: ratan lal who wrote (22559)	10/22/1997 10:48:00 AM
From: Sridhar Srinivasan	Read Replies (2) \| Respond to of 53903

Ratan: My statements have relevance to long-standing discussions between self and several of the bears on this thread including the bug-man (you were not a participant at that time). I have been bullish on MU from their lows in July 96. I am just commenting on the fact that MU's stock price is a combination of several factors that look to the future (and not earnings last quarter or spot prices for an outdated part from achilles last week). I have detailed some of these factors (die shrinks - smaller geometries, larger wafer sizes, lowering costs, market share, product mix, improving outlook for memory in other sectors- communication markets for one, and other revenue-generating products in 1998) as the bases for the price of MU stock. I would recommend your perusal of the archives before asking for info that might prove to be redundant for the regulars here. Sridhar PS: I am curious whether you truly believe that skeeter provides more info and analysis for his conjectures than most investors (And I am sure this statement has strong statistical underpinnings - G - )