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To: TREND1 who wrote (28794)	2/23/1998 1:42:00 AM
From: Tim McCormick	Read Replies (1) \| Respond to of 53903

LJD, I'm still waiting to make my fortune on the coming shortage of cathode ray tubes, rotary dial phones, match sticks and wagon wheels. Though my lava lamps are doing well. Tim

To: TREND1 who wrote (28794)	2/23/1998 1:43:00 AM
From: Richard Russell	Respond to of 53903

Larry, Who are these mytical "foreverbears". There are a number of posters on this thread that look at the fundamentals of mu, the industry, and the market and conclude that on a valuation basis mus stock price is way out of wack. I agree with you that especially with mu this alone does not always reflect it self in the price direction of the stock but it would be just "plain stupid" to ignore it. I'm certain those who you distainfully label as "foreverbears" would probably be ready to change their opinions as the stock price and fundamentals changed. But I think that you would even admit that things do not look good for mu at this time. >>(4) The real world, everyone is trying to out smart everyone else. World demand changes ! World supply changes ! Demand some times greater then Supply! Demand some times less then Supply Some times profits are made ! Some times losses are made ! All you have to do is think about it (g)<< These things are self evident. I have thought about it but you are not addressing my questions as to the specific supply, demand, capacity, and consolidation of the dram industry at this time. >>In a commodity type industry, there always have to be a time of shortages<< TVs are a commodity item when was the last time you saw a shortage? IMO from all the info I can gather is that dram "cycle" will become more of a fluctuation with out large swings after equibrium occurs late 98 or in 99. Other then "things change" and "anything can happen" is there anything that you can add to the present info available which would lead you to beleive that there is truely an imminent dram shortage? Or do you have to check with HAL? RR

To: TREND1 who wrote (28794)	2/23/1998 12:43:00 PM
From: mike iles	Read Replies (1) \| Respond to of 53903

Larry, argumentum ad hominem .... got a question, why do the forever bears make you so mad? Anyway, 'forever' bears is a misnomer ... it's just a question of perspective. MU is a producer of commodity chips which are currently in serious oversupply. When (not if) it trades at <1 times sales, I will look at it from the bull side (!!!). One times is $8.32 ... plus the MUEI shares are worth about $3.90 ... say a total of $12. But I have this weird feeling that when I'm touting MU's merits at $12 you and DavidG will be heaping scorn on the poor misguided bulls -g- regards, Mike