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

To: Trey McAtee who wrote (22884)	10/24/1997 6:37:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

i heard appleton was a supervisor at mu for a year or so and then promoted to ceo. seriously. ;-) btw, i see the teens before the year is out :-)

To: Trey McAtee who wrote (22884)	10/24/1997 6:39:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

Trey DavisG is a trader, not a "forever" bull. There are no "forever" bulls on this Micron BB Just traders and "forever bears" When you talk to bulls....there are no bulls (g) Please name these bulls ! I am not a bull DaidG is not a bull Even mr is NOT a "forever" bull Who the "hell" are these bulls you guys keep talking to ? Larry Dudash

To: Trey McAtee who wrote (22884)	10/24/1997 8:35:00 PM
From: DavidG	Read Replies (6) \| Respond to of 53903

Trey, << for the bulls i have only this to say: post your information!!!! we never get any bullish data!!! the problem is that what some people interpret as bullish, is in fact bearish. whe we point this out, it is the bulls who jump on us and accuse us of not having the intelligence to see what is so obviously an undervalued company. >> Bullish info was there when DRAM prices were climbing to $10, when Appleton showed he was getting higher margins up to 49 %, When MU was improving efficiency, reducing cost, when MU was gaining market share, when MU announced using Lehi for additional testing, when asians announced reduction in 16 meg, when asian factories were being planned for shutdown during summer, When antidumping stopped asians from shipping etc. etc, etc, As a result the "forever bears" that never hear a credible bullish item decides to continue with their shorts and puts and for a nice 10 month run kicks each other in the a$$ saying MICRON SUCKS. They even go so far as to create their own Thread so they could rant and rave calling the management manipulative and corrupt and analists who screwed them. NOW, DRAM is dropping, FABS are more efficeint and everybody and their grandmother is making memory and the bad summer season gets worse and all of the sudden the bears say: SEE WE WERE RIGHT !!!!!!!!!!!!! If you were not so stubborn and listened to all the news instead of half the news ......GUESS WHAT ... the bears would have been bullish at times and rode this sucker up..maybe not to 60 but at least 45...and then got their PUTS or shorts and rode it back down and made lots of money instead of breaking even....DUH ! MR. and Sridhar gave you good information and you laughed and lost, now the bears have good information and if Bulls want to short or buy PUTS that is their choice. But they DID give bullish info. Give it up TREY a half duplex modem or broken full duplex modem will not work on the internet. Good Luck Trading DavidG

To: Trey McAtee who wrote (22884)	10/25/1997 11:55:00 PM
From: Carl R.	Read Replies (2) \| Respond to of 53903

Trey, you wrote: "all the above i can forgive, but the statements regarding our armchair qbacking of mr. appleton is unforgivable. a first year business student could outperform him. he should not be in the position he is in. if he is doing such a good job, why has the stock dropped from 60?" Let me reverse the question: If MU is doing such a bad job, why is MU still in business? I'd venture to guess that MU is currently the most profitable DRAM company in the world, because I doubt any others are profitable at all. Clearly MU is the world's low cost producer of 16MB DRAMs, just as they were the world's low cost producer of 4MB DRAMs a year ago. When the situation arises that 64MB chips become more profitable than 16MB chips it is reasonable to conclude that MU will be the world's low cost producer of 64MB DRAMs. People on this thread a year ago ridiculed MU for still making 4MB DRAMs, just as they now no doubt think that MU can't make 64MB chips. But let's be honest, the competition has gone to 64MB not because the 64 MB chips are more profitable, but because they can't compete with MU at the lower density. When MU moves to 64MB, where will they go? 256MB? This is a business where the low cost producer will win in the end. Other companies may stay in business for awhile with the support of their goverments, but sooner or later the low cost producer will win when the economy of the competition reaches a state that they can no longer keep funding a money sink-pit. That said, is MU a buy? Well, I don't own any, nor am I short. I usually don't take a position, though I went long at 32 on their previous run up, but sold at 40. I shorted them at the top, but covered after making about 3 points. Oh well. I am currently comtemplated buying them at some point, but I am not there yet. In any case, I am not advocating buying them, nor selling them. I am just arguing that the only reason they are still in business in this extremely competitive business (without government support) is that they are one of the best run businesses I know of. When it comes to cutting costs and being the low-cost producer, no one is better, and therefore it will be difficult or impossible for foreign competition to put them out of business. Good luck, with your investments (or shorts), Carl