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To: Zeev Hed who wrote (28398)	2/15/1998 3:31:00 PM
From: Richard Russell	Read Replies (2) \| Respond to of 53903

ZH, >>>You may want to add to that the stealth influence of MU's non dram activities which may start and pay off in six to 12 months.<<< Could you elaborate. >>>Richard, I would venture a guess that MU has been going up because the buyers were more ardent than the sellers (and possibly more numerous).<<< This is obvious. The real question is...why. >>>The market still discounts events far in the future, and the combination of an upblip in DRAM prices together with the "Possible Promise" of capacity shut down due to the Korean and rim problems in general, brought about the hope that, "around the corner", there are better prices and profits for MU. <<< You know I often hear that on this thread that things look bad for mu now but the market is just looking beyond to the future. In july and august the future was dram down 60-80% in the next 5-6 months yet we saw mu rise to 60 on that "discounted future". Price of dram "blipped" slowly down over that time and mus price bled slowly down over that time. But when there was a small blip up in dram not even enough to be profitable, without a true price uptrend being established, the stock price rose quickly over 60% not at all in sync with the rise in dram pricing.Other then wishfull thinking what is the optimisim for such ardent and numerous buying based on? The best case senario still calls for great caution when investing in such a situation. There are so many more companies worthy of investment $ that hold much less risk. Back to the question why mu up? Logic seems to be defied. RR