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

To: jgercke who wrote (2763)	1/1/1998 10:35:00 AM
From: Brezlin	Respond to of 4074

Just wanted to be the first one on in '97...hahahahaha 98! Should be a good year to profit on the MUEI sale and bail.. I like T's estimates but believe it will go a little higher than we think. B

To: jgercke who wrote (2763)	1/1/1998 12:15:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 4074

MCMS had the potential to be their highest-margin business this year and they sold it on the cheap (in a hurry? - given that it's only been two months since they bought the other facility). Either management is not only poor at managing operations and totally inept at math, or it is trying to make itself attractive to a PC manufacturer. If they leave all that cash on its books then that's an even bigger sign. Then it cancels a contract with a contract manufacturer in its PC division. Either Micron wants to do it itself now (not in line with current industry practice) or it is making itself attractive to an acquirer with its own outsourcing contracts. I agree - the pieces of the puzzle are fitting together nicely. I am still wary of a low-ball offer but see very little downside at current prices on a PSR basis - only Apple is worse, and deservedly so. Mike