Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eric W. Richesin who wrote (2743)	12/30/1997 11:58:00 AM
From: MONEYMAKER	Read Replies (2) \| Respond to of 4074

To all: Yesterday I went to the Boise, Idaho MUEI showroom and purchased a notebook computer. At $1349 I just couldn't refuse. There were 40 to 50 people in the showroom looking at or buying computers. Basically the place was packed. I asked the salesman how sales were going? He commented that all 11 floor salespeople had a quota to sell 225 units in December and everybody had beaten that quota by 50 to 100 units. He said they were having an outstanding month. On a prior trip a month ago they had inventory stacked to the ceiling, but all I saw this trip was about 50 units left on the floor. He said they were cleaning out old inventory to make room for new products coming out. I asked the salesperson if the company was for sale? He wouldn't come right out and say "yes", but his comments indicated that everyone anticipated a sale was imminent. He said the companies problems were due to the excess inventory and drastic price cutting which have shrunk their margins to the bone. We have all heard these comments before, but it was interesting to hear it directly from an employee who depends on this company for his livelyhood. I look for the company to be sold in the next 6 months. (just speculation on my part) Good investing to all. MM