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

To: Sridhar Srinivasan who wrote (24809)	12/5/1997 10:16:00 PM
From: TREND1	Read Replies (3) \| Respond to of 53903

SS Below is a "clip" from a Fortune article about workers. Notice that Micron will have the only "wafer test plant" in the USA Now if they could do this testing for "other companies", maybe there could be some money in it ! (1)In one respect, some of the latest semiconductor plants will be more labor intensive than their predecessors because they will perform operations previously farmed out. (2)Except for those made by Micron Technology in Idaho, almost all semiconductor wafers produced in the U.S. are shipped to such spots as Malaysia and the Philippines to be tested, diced into individual chips, and encased in plastic with leads attached. Larry Dudash PS: I would become a "bull" is MU traded above 29 1/4 this month.

To: Sridhar Srinivasan who wrote (24809)	12/6/1997 9:40:00 AM
From: mike iles	Read Replies (2) \| Respond to of 53903

Sridhar, If you're tired of reading that old bearish drivel on a daily basis, maybe you could enlighten us as to what a company losing money in a commodity business should trade at .... what's wrong with 1/2 of sales??? ... e.g. Western Digital. Do you know what 1/2 of sales puts the big MU??? If you disagree with the characterization of memory as a commodity business, could you tell us why? Does MU have 90% market share like INTC? 80% 70% ... does it even have a 10% market share? Let's see ... what's pricing like in this business (nuff said there) ... how about return on equity, the litmus test?? ... 16.7% for the last 10 years ... actually not bad ... unfortunately, the year-by-year numbers exhibit a bit of cyclicality and we just finished 3 fat years ('94-'96, with average ROE of 31.5%) and have had one lean year (8.4% last year ignoring extraordinary gains) ... looks like we might have another lean year. MU's currently trading at about 3X sales. Could you tell me in a non-drivelous way why it should trade at this valuation?? .... just one reason would be great. 'MU ........ tanks for the memory' regards, Mike