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To: Sridhar Srinivasan who wrote (24827)	12/6/1997 8:56:00 PM
From: Mr. Aloha	Respond to of 53903

This article on how analysts increase profits and pressure CEO's was worth noting.. eb-mag.com Aloha

To: Sridhar Srinivasan who wrote (24827)	12/6/1997 11:04:00 PM
From: TREND1	Respond to of 53903

SS I have no idea (for sure) where MU is going ! Larry Dudash

To: Sridhar Srinivasan who wrote (24827)	12/7/1997 10:09:00 PM
From: Skeeter Bug	Respond to of 53903

sridhar, the market does not care one iota where mu has been. it is where it is going. appleton said dram was selling for $3.50 when on cnbc. they sold them for an asp of $6.50 last q. they made about 20 cents from dram and muei contributed the rest. well, muei is toast. at least they have the courage to face their music and pre-announce. so, take 20 cents in eps. cut the asp to $4.50. i'll ask three very easy questions. will this q1 98 be better than q4 97? my answer is a clear no. will q2 98 be better than q1 98? remember, q1 98 started with an asp of $5.60. q2 will start with an asp of $3.50 - at the very best. $3.00 may very well be more accurate. the answer is no again. what compelling reason is there to pay a 50 forward pe for a collapsing company over the short term? i find none. remember when i suggested that you buy puts in the $40s to insure your long position (if i were only smart enough to follow my own advice instead of waiting for $38.50 ;-)? i'd suggest that you look into doing it again. look at other companies that have collapsed just like mu is doing. do they trade at $25? $20? even $15? crus, siii and on and on. what reason does mu have to go to $30. "oh, gee, they made a dime and i thought they were going to make a nickel. i better spend $10 million and buy this stock before it goes to $35!" i don't think so. however, this is what makes a market. good luck. i can't do anything until nfli reports. hopefully monday but i anticipate thursday. then i'll triple my current put position on mu and buy some gtw puts, too.