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To: TREND1 who wrote (26584)	1/15/1998 1:00:00 PM
From: phbolton	Read Replies (1) \| Respond to of 53903

I first started looking at MU about a year ago, the price was about $32 and the projected 97 eps was about $2+ and the 98 about $4+. Today the price is about $32 the projected 98 eps is about $0.2 and the 99 about $1.50. Any semi-rational person might find this very curious. They have lost ground and money during the past year and have sold assets. MUEI is worth about half what it was a year ago and MU owns a smaller percentage. They borrowed a billion and Lehi is still to be written off. Their profit per megabit (at the stocks peak) was greater than their revenue per megabit today. I've almost talked myself into shorting this again-- it was very profitable last time after waiting out the ride to 60. Should I wait for a 34 that might never come? hmmmmmm....

To: TREND1 who wrote (26584)	1/15/1998 1:11:00 PM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) \| Respond to of 53903

Wait till I start my Analysis on TXN...Shorts will not have time to cover that stock...not any way as liquid as MU..

To: TREND1 who wrote (26584)	1/15/1998 1:32:00 PM
From: Richard Russell	Read Replies (1) \| Respond to of 53903

What will happen when all the bears who want to cover are covered and a new wave of short selling occurs? What if skeeter and earlie and phoblton and the rest are right. What if the latest ralley is just pump and dump II. Mu was a cash cow for ML in 97 and it looks like GS want a piece of the action in 98. What if the brief uptick in edo only is over. What if mu is just another low cost producer but not the "lowest". What if mu continues to lose money. How long can they last? What happens when the pumpers pull the plug? Stay with the momentum. The momentum is up. But is can turn at any moment. RR

To: TREND1 who wrote (26584)	1/15/1998 1:34:00 PM
From: Richard Russell	Read Replies (2) \| Respond to of 53903

Today's Commentary: 01/15/98 Bid and ask prices on Intel CPUs are beginning to diverge as suppliers with stock hold prices steady and buyers are asking for sharply lower prices. The results are less trading activity. Pricing on 16 meg Fast Page Mode and EDO product has begun to curtail. Possible credit issues regarding Japanese raw material suppliers to Korean manufacturers have been rumored to cause the latest hiccup. Synchronous devices have been relatively unaffected.