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

To: Thomas G. Busillo who wrote (25499)	12/16/1997 9:11:00 AM
From: Kathleen capps	Read Replies (2) \| Respond to of 53903

Tom, Here's some more gems from Dan the man Niles: ...''People know it's pretty bad,'' said analyst Dan Niles at BancAmerica Robertson Stephens, who rates the shares ''market outperform.'' ''I don't see it having any negative impact on the tech sector because they (Micron Technology) didn't say anything anybody didn't know.'' The U.S.'s largest maker of DRAMs -- the most widely used memory chips in personal computers -- was expected to earn 9 cents a share, the average estimate of nine analysts surveyed by IBES International Inc. Analyst Niles expected the company to earn 6 cents. Micron Technology, based in Boise, Idaho, said in its fiscal fourth quarter ended in August that it was selling 16-megabit DRAMs for just below $7. That's now plunged to about $3.50, Niles said, adding that Micron's cost to produce the 16-megabit chips is about $3.00. ''It's pretty obvious that it's going to be a loss'' for the year, Niles said. ''Now it's a question of how big a loss that's going to be.'' .... Yet at least one investor said prices for DRAMs may be close to touching bottom. In the past, when DRAM prices fall to below cost, they start to rebound, said analyst Duane Eatherly at Banc One Investment Advisors, which owns Micron Technology shares. ''When you get below cost, you've got to be a quarter or two away from things rebounding,'' Eatherly said, adding that his firm is ''taking a very close look'' at buying more Micron Technology. Kathleen