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

To: Kathleen capps who wrote (25518)	12/16/1997 9:13:00 AM
From: Skeeter Bug	Respond to of 53903

>>''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.''<< a LOSS for the YEAR!. WOW!!!!

To: Kathleen capps who wrote (25518)	12/16/1997 10:05:00 AM
From: Thomas G. Busillo	Respond to of 53903

Kathleen, yeah. He's "a real winner" alright. Gee Dan ifPeople know it's pretty bad...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, that kind of begs a few questions: A. So, if people have known it's pretty bad (i.e. what's happening on the FA end is obvious), why did you have it as a "buy" until yesterday? This is accurate, correct? B. And if it doesn't have any negative impact, then why did you downgrade it? C. They actually did say something "anybody" didn't know. They report their earnings .02 below your estimate, right? Can you follow the logic there Dan? If you "knew" they were going to report .04, I would assume your estimate would have been .04 not .06. Do we have to take up a collection to send you to a night-class in "logic for weenies"? Good trading, Tom