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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: space cadet who wrote (5155)	3/17/1998 8:09:00 PM
From: Lazlo Pierce	Respond to of 18691

To me the fact that MU only fell slightly today is a real indication of the market's flight from reality. This stock has risen ~ 50% this year, and all it has done is start losing more and more money. There have been downwards earnings revisions for the last 3 months and they still missed by .25. (op losses of .41 vs est (.16)). The ASP of DRAM, and SDRAM is still falling, demand is slack, there is every likelihood they will not make money for awhile (if ever), they have missed intertest payments on debt, MUEI is losing money, yet the stock was relatively strong today. I really don't get this one. I know there are 44M shorts out there, but that didn't stop CPQ from dropping like a brick w/80M shorts. Message 3734010 Dave