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

To: Kerry Phineas who wrote (31393)	3/29/1998 1:56:00 PM
From: DavidG	Read Replies (1) \| Respond to of 53903

Kerry, DavidG, there's at least a 50/50 chance MU doesn't make it, imo. hmmmm...very interesting...but what exactly are you saying. That it is slightly more probable that MU doesn't make their next quarterly earnings...or the next two quarters...or maybe MU never meets any of their quarterly estimates again. ...OR perhaps you are saying Micron doesn't MAKE IT meaning, they don't make it. Period..They don't survive. That they fall flat on their face...go KAPUT...bankruptcy...receivorship...no money...no business...the ultimate...finished....Gone. Nah, I don't think you are saying that. Even KMART had better than 50-50 odds of SURVIVAL when they were in bankruptcy. So until you elaborate, I am not sure what you are saying.:-) DavidG

To: Kerry Phineas who wrote (31393)	3/29/1998 3:03:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 53903

Kerry, if you are trying to say that MU is going the way of Anaconda, I think you are wrong. Even Wang, who made much greater mistakes than MU managed (albeit barely) to survive. On the contrary, in the face of extremely difficult conditions, the management of MU has managed to navigate relatively well. They created this outfit that assembles PC and then spinned it off and then sold a chunk of it, they repeated the same feat with an additional outfit assembling some other electronic gadgets and sold it off, all these quite profitably, while maintaining their sight on what needs to be done to survive in this environment. Show me another company surviving as well (with still about $800 MM or so cash on hand) when their flag ship products undergoes a defacto devaluation of between 60% to 80% in one year and I'll say go out and buy it. A company managing to survive in such a devastating environment has all my respect (even when I am not long the stock). One of these days, balance between supply and demand will reestablish itself, and strangely enough, MU shows all the signs that at the end of this poker game, they will be standing with a winning hand when many others will have folded. Am I buying MU now? no, not yet, but 28 sure looks like a strong resistance area and if it holds above that price for the next two weeks, it could very well be another "shakes" period for me owning some MU (what an addiction). Zeev