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Technology Stocks : Micron Electronics (MUEI) -- Ignore unavailable to you. Want to Upgrade?

To: Will Cunningham who wrote (2298)	11/16/1997 11:34:00 PM
From: Tuan Phan	Read Replies (1) \| Respond to of 4074

I gathered the following data from my October issue of Stock Investor Pro in an attempt to demonstrate why I believe MUEI is an UNDERVALUE stock: MUEI DELL CPQ GTW Price in SIPro Database 17.063 99.875 75.625 30.500 Market Price on 11/14/97 14.44 79.13 62.56 28.81 Sales - 3-yr growth rate 67.9% 39.3% 36.1% 42.4% Sales - 5-yr growth rate 86.4% 54.2% 40.8% 51.7% P/E - Current (using WSRN.com) 15.7 39.2 29.0 43.0 P/E to Growth (3-yr) 0.23 1.00 0.80 1.01 Forward growth rate 24.0% 28.5% 20.0% 21.0% P/E to forward growth rate 0.65 1.38 1.45 2.05 Current inventory turns 16.9 36.0 12.3 12.1 Cash Flow - 3-yr CAGR 24.7% 67.9% 29.4% 28.7% Cash Flow - 5-yr CAGR 60.7% 61.0% 26.2% 30.7% Current P/S 0.88 3.59 2.70 0.88 Current P/BV 4.58 31.25 7.80 5.19 Current P/CF 12.5 44.6 30.4 14.2 Number of PC awards >125 ? ? ? Industry Growth Rate 15-25% From the above information, I come to the conclusion that MUEI is a DELL for a fraction of the price of DELL. The product lines are clearly stronger than GTW and CPQ based on what I know of MUEI computer systems. New marketing campaign by MUEI will further develop the MICRON brand and, perhaps, to take away market share of other PC producers. As PC buyers become more educated as to the specific needs for leading edge in the PC, the users will more likely to select MICRON PCs due to MUEI's strong edge on implementing technologies in its PCs. The planned appearance of MUEI at COMDEX to discuss the trend of future technology in PCs will sent the stock price upward. I am very interested what are the prevailing opinions on MUEI.