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To: Jim Patterson who wrote (30694)	3/18/1998 2:36:00 PM
From: yard_man	Respond to of 53903

Not going to draw any conclusions until next week. After the meeting with the analysts and after March expiry. I have MUPFs. If it doesn't resume the downtrend next week I'll admit the purchase was not a good one (stil prudent, just hasn't worked out). Company is dead meat, though IMO.

To: Jim Patterson who wrote (30694)	3/18/1998 2:37:00 PM
From: Elvis	Read Replies (1) \| Respond to of 53903

one word YAHOO this stock baffles me also, I am not trying to out smart anything, just use common sense

To: Jim Patterson who wrote (30694)	3/18/1998 3:31:00 PM
From: johnlea	Respond to of 53903

hang in there, jim. i'm not sure mu is quite ready to go up, and it may have a ways to go down first. i think the key may be in the sox. this is still in total denial that the chip and semi equipment makers have not seen bottom yet. but there has been and will continue to be negative news for this sector. eventually, it will have to be acknowledged.

To: Jim Patterson who wrote (30694)	3/18/1998 5:07:00 PM
From: BSGrinder	Read Replies (3) \| Respond to of 53903

I, too am perplexed by the tenacity of this stock. I can't remember a situation with more terrible fundamentals for the foreseeable future. There does not seem to be any informed argument that MU is doing a good business - just an eerie silence from the analyst community. Who is buying this stock? Why aren't funds unloading as fast as they can before the quarter ends? Does Fidelity really intend to hang on to MU for a year of huge losses? Every other sector except oil is going up - why hang on to MU when you can jump on another bandwagon? MU is probably the best example of the incredible disconnect between fundamentals and the current market. The only thing that can be propping up MU is the fact that it is a stock, and stocks always go up! Check out Bill Fleckenstein on Stocksite.com for some astute observations on the current mania. /Kit