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To: Patrick Koehler who wrote (31436)	3/30/1998 6:13:00 PM
From: IceShark	Respond to of 53903

Patrick, "Why was MU at ~17 in July 96 when earnings were 10 times better than the present?" Well Mr. Potato Head dumping a hughmongo pile of shares to cover losses in a bet on Boise Cascade, I believe, might have had something to do with it. He alone likely knocked MU down from the low 20's. I don't recall exactly how it happened, but it went something like Bank of Montreal (or some Canuck Bank) did some liquidation or forward sales of MU stock which was the collateral on margined positions in other stocks that were also heading south in a real bad way. Basically, everything that could go wrong, other than dying, was for 'ole J.R. Anyway, I've never really considered MU to have been in the teens during that period. But as you point out, now is still a little gloomier than it was at that time. -g- Regards, DWW