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

To: Tim McCormick who wrote (25477)	12/16/1997 8:18:00 AM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 53903

Tim, thanks for the write-up & link. Love the Dan Niles item: Analyst Dan Niles of BankAmerica Roberston Stephens said it was difficult to predict when memory chip pricing would turn around. "In Q2, it looks like they will lose money," he said. "Pricing is coming down 25 to 30 percent in the current quarter." Well shucks Dan, wasn't it you who blathered crap about "DRAM pries rising" back in early May 1997? And when they didn't show a rise of any real substantive value, went back and on July 31, 1997 uttered similar garbage to Dow Jones? And when they didn't rise and MU missed last time, weren't you the buttmuncher who congratualted them during their last conf. call? (I'm pleased to see you held back this time). Oh, and nice to see you downgrade MU several days after you lowered your 1Q and 2Q estimates. Is it correct to say that while you were lowering your numbers, you still retained a "buy" on the stock and that the downgrade yesterday came as part of the "Robbie Stephens belatedly shows some sense on the techs" mass downgrade package, highlights of which include downing TXN (-60 points on a pre-split basis), MU (-39 points), and QNTM? Analysts said Micron's results were not a big surprise and were not likely to have a major effect on stock prices when it opens for trading on Tuesday Well, let's see "analysts". Some of you are the dimwits who had them earning .33 for this Q 3 months ago, right? The same dimwits who had them earning .09 two days ago, right? And they earned less than half that? Is the fact that it's not a "big surprise" possibly helped by the fact that you get to sit down w/ management and have them tell you information in private which is not available to small investors and then you get to move your clients out ahead of time? Is that how it works? (Oh, and if I'm wrong, someone, please show me the MU press releases re: earnings shortfall). Looking to short the retracement <g> Good trading, Tom