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

To: John Graybill who wrote (27651)	2/3/1998 7:05:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

john, i can always hope that tk is short at $23 ;-)

To: John Graybill who wrote (27651)	2/4/1998 7:55:00 AM
From: Thomas G. Busillo	Respond to of 53903

John, exactly. If the IMF bailout is so disastrous for MU, why all the recent upgrades? Appleton goes up to the Hill pleading that the bailout will cost jobs, reward imprudent risk taking (which I agree with), etc. and yet, Goldman, Monty, First Boston, and now Pru are out there telling their clients to buy. Pretty ironic that while the investment community is getting on board en masse, the CEO is telling the pols a somewhat less optimistic story. If I were on the HBC, I would have asked Appleton to explain that discongruity. "Mr. Appleton, I understand your concerns. But what I fail to understand is the apparent lack of concerns by brokerage firms who are suggesting to their clients that they buy stock in your company. Contrary to the picture you seem to be painting, they believe your company is poised to thrive. Market strategists such as Abbey Joseph Cohen and Ralph Acampora are saying buy. Montgomery Securities recently increased the estimated earnings for your company. There have been other recent upgrades. Mr. Appleton, please educate the Committee on what would cause such an apparent divergence of opinion. You are testifying under oath before the Congress of the United States and implying that your company faces extreme duress, and yet Wall Street is saying you're not only healthy, you're going to perform quite well. Your stock has risen roughly 68% in the last seven weeks. Obviously someone likes your prospects. Can you shed any light on why this seems to be happening?" Good trading, Tom