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

To: Dave Gahm who wrote (28364)	2/14/1998 1:13:00 PM
From: Skeeter Bug	Respond to of 53903

dave, been there done that. mu should go up 5 points on this good news ;-) the real funny thing is that we can see how absurdly wrong the investors were last year in their outlook for mu. it s/b criminal to be that far off and receive a check. mu is now at an absurd infinity pe going forward with a price tag of $35. $35 includes the expectations of massive production cuts from some asian mnftrs. when this bad boy was $60 nobody saw a need for production cutbacks as asia hadn't melted down yet. so, where would we be if asia didn't melt down? boy, those 28 year old fund managers need to stop acting like teenagers.

To: Dave Gahm who wrote (28364)	2/14/1998 1:28:00 PM
From: Chas	Read Replies (2) \| Respond to of 53903

What that means for Micron, in his view, is a red-ink year. What that means for Micron's stock is a sharply lower price. You are absolutely correct...

To: Dave Gahm who wrote (28364)	2/14/1998 1:41:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

dave, something that is ironic to me is that you have a commodity producer like mu trading with a valuation over $7 billion and you have a company like qcom, with proprietary leading edge wireless communication technology, trading at $3.5 billion - or roughly half of mu's valuation. throw in the fact that qcom will earn over $0.20 and mu will lose over $0.20 this q and it really shows just how these fund managers really lack the ability to think critically and clearly. my poor, poor 401k ;-)