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 Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (28032)	2/8/1998 7:19:00 PM
From: Skeeter Bug	Respond to of 53903

>>So are you saying this quarter's (Mar 16, 1998) earnings are meaningless ?<< larry, it depends. brown said mu was losing money even after the recent highly publized "increases" in dram. hello, anybody with remedial math could have figured that out. better send those analysts to remedial math class ;-) the stock fell $3 in a short period. clearly, the stock is up b/c of future expectations. the key question is whether a bruising q this q will cause people to reevaluate the future. remember when someone said the q after mu was $60 didn't matter b/c 1998 would be a hot ear (absolutely burning ;-)? well, when the poor results came in PEOPLE REEVALUATED THE FUTURE and didn't like what they see. and they sold. down 60%+. could that happen this q? sure. maybe it won't. mu management is not dumb. every q they will say that they feel the koreans are nearly out of inventory and prices will rise giving the impression the gravy train will start. of course, they won't tell you taiwan is spending $60+ billion this year to raMP DRAM PRODUCTION ;-) will the dolts believe them? they believed xlnx management for 6 qs. however, from a probability standpoint, it seems reasonable that dirtbag results won't cause many people to buy millions of shares at $36+ and may scare some people that the recovery is a less than funny joke. so, i wouldn't bet the farm. but i wouldn't be surprised to see the mid $20s before next q's eps report. why before? mu tips off the big boys in advance. all the small investors aren't worth a d*mn to mu management. they see sheep that need fleecing. and their followers love it ;-)