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

To: julian hatfield who wrote (24873)	12/8/1997 9:45:00 AM
From: mike iles	Respond to of 53903

Julian, MU has a market cap of $5.4 billion because of the semi business, not because they own 60-odd percent of MUEI. I mean we know what MUEI is worth ... $11 ... they own 60.9 million shares which translates into a value of $3.17 per MU share. If you think the MUEI is worth more than that then why isn't it trading higher than $11? It's simple, take it out and then you can look at the semi business on a standalone basis. The market, in its wisdom, says this is worth $22.33 per MU share or approx. $4.7 billion. Just seems kinda steep to me. 'MU........... hard rains a gonna fall' regards, Mike