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To: Activatecard who wrote (25166)	12/13/1997 10:02:00 AM
From: mike iles	Read Replies (2) \| Respond to of 53903

Steve, Gawd knows how long it will take ... I usually get excited and the market proves me dead wrong ... but how far? ... I honestly believe it will get to single digits ... MUEI's worth about $3 per share and the semi business (if you value it at about 1X the current revenue run-rate of roughly $1 billion) is worth $5 ... now if you throw in concerns about them surviving we may get to Tim's $3 target ... anyway, single digits is a realistic target ... hopefully it will get there before my Jans expire but if it doesn't I'll just build an April position. Good luck. regards, Mike