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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (82805)	3/15/2019 12:42:51 PM
From: Sam	2 Recommendations Recommended By Donald Wennerstrom Return to Sender Respond to of 95480

Analysts cut 2019 estimates for Micron Mar. 15, 2019 11:52 AM ET\|About: Micron Technology, Inc. (MU)\|By: Brandy Betz, SA News Editor BofAML cuts its Micron ( MU +2.2%) profit expectations for 2019 through 2021 with this year's EPS view dropping from $8.53 to $6.89. Analyst Simon Woo says Micron will suffer from price drops and the resulting margin squeeze. He expects DRAM and NAND ASPs to drop more than 20% sequentially in Q2. Cross Research downgrades Micron from Buy to Hold and cuts earnings estimates for 2019 to 2020. Analyst Steven Fox notes this is his third such cut in the past six months and he doesn't see positive earnings growth happening for another four quarters. Fox says the firm "underestimated the extent of excess DRAM inventories (and probably NAND as well)." Micron will report earnings on March 20. Analysts expect $5.88B in revenue and $1.69 EPS. Previously: Semis gain on bottom call, NAND orders (March 15) seekingalpha.com

To: Sam who wrote (82805)	3/15/2019 2:39:57 PM
From: Donald Wennerstrom	2 Recommendations Recommended By Return to Sender Sam Read Replies (3) \| Respond to of 95480

Micron heading for an earnings miss? A lot of negativity on Micron prior to their earnings report next week. thefly.com Micron heading for Q2 earnings miss, says BofA/Merrill BofA/Merrill analyst Simon Woo warns that Micron (MU) may be heading for an earnings miss in Q2 as it suffers from a comparable price decline and margin squeeze that befell Samsung (SSNLF) and Hynix. The analyst models Q2 sequential average selling price declines of 22%-23% vs. 13%-15% prior based on what was learned from Samsung and also believes that Q2 bit growth should also be negative. Woo is keeping his Buy rating and $50 price target on Micron longer term, expecting a "meaningful turnaround" to materialize in the upcoming Q4 with a "double-digit bit growth Q/Q".