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

To: John Graybill who wrote (29572)	3/6/1998 2:19:00 AM
From: Jacky AY	Read Replies (1) \| Respond to of 53903

I couldn't find Jensen and Davidson's upgrade. However, I do have Dan Niles (R&S)'s report in front of me. The original report says Dan Niles expected MU to lose 0.25-0.30/sh, at least 10c wider than the current First Call estimate of -0.15c/sh, for the past Feb qtr. This is not a typo! He expected the company to issue pre-announcement Furthermore, Dan sees MU trading below $30 soon but still upgraded the stock to long-term attractive since he expects MU trading @ 45 in 12 months. He also commented on the current state of the worldwide DRAM market and blah blah blah... To me, this report is totally bullshit! He expected the company to miss earning and the stock price to drop another 10% or so. But he still upgrade the stock. I don't see his logic. (Ah, maybe he really means MU is long-term attractive...)