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

To: StormRider who wrote (2557)	12/10/1997 4:08:00 PM
From: Eric W. Richesin	Read Replies (2) \| Respond to of 4074

If they pre-announced that the gross is up 30%, but the net would be minimal, how can there be any hope of positive earnings on Monday? Seems that the stock already has corrected from the pre-announcement. Shares are already down from the low tweneties to ten. I would not expect it to go lower on Monday if earnings fall a few cents short. The shorts have already put this stock down to yearly lows from yearly highs. The only good news they could muster up at this point would be related to the solving of the inventory problem. Any thoughts? I did expect the price to bounce of this low to something in-between the highs of November and the current lows. Or is January the right time for this? How much downside could possibly be left for a company that has gross yearly sales of 2 billion and a PE of 11?