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

To: Skeeter Bug who wrote (32655)	4/30/1998 8:59:00 AM
From: TREND1	Read Replies (3) \| Respond to of 53903

Skeeter This is the last day that a trade above 35 7/8 would be a new MHH(Monthly Higher High). On Friday May 1, 1998, it looks like the new number will be a trade over 33 would result in a new MHH(Monthly Higher High) Also, looks like a good start for SEASONALITY with SP futures up 12.50 Larry Dudash

To: Skeeter Bug who wrote (32655)	4/30/1998 10:36:00 AM
From: Patrick Koehler	Read Replies (1) \| Respond to of 53903

Skeeter, I decided to not waste my time researching data to support your insane .15 mean for MU. No one will find the earnings back in the 80's on the MU web site, or other databases. I have it because I went back to WSJ's on microfilm. For instance, the report made on Dec 16, 1985, MU reported revenues of $5.039 million. Skeeter, MU has grown 150 fold since then. What in blazes does earnings in the 80's have to do with 1998 earnings? I don't believe that I have seen any posts of someone so desperate to prove a point. Patrick

To: Skeeter Bug who wrote (32655)	4/30/1998 1:12:00 PM
From: Kathleen capps	Respond to of 53903

SB, Can't you get this from Value Line? They adjust for stock splits and also take out extraordinary earnings. Kathleen

To: Skeeter Bug who wrote (32655)	4/30/1998 10:10:00 PM
From: AHale	Read Replies (3) \| Respond to of 53903

I subscribe to an excellent newsletter called "The High-Tech Strategist" by Fred Hickey. Last month's issue had this to say re: MU: "Someday, Micron investors will discover that the only time that MU was substantially profitable was in the PC glory years, when demand outstripped supply for a short time. Over a ten-year period from 1984 to 1993, Micron earned a total of $1.41 a share, or 14 cents on average per year. Now they're losing their shirts. Bit demand is slowing and all the DRAM competitors are going to triple and quadruple 64-Mbit production this year, mostly using capacity already in place. My sources tell me that MU had a record 45-50 million 16-Mbit parts in inventory, which they started dumping this week (April 2) at $2 in a panic, after no rebound materialized post the Asian year end. There's a reason why S&P placed Micron on Creditwatch with negative implications last month. They burned almost $200 million in cash last quarter. With ASP's dropping another 30% this quarter, that number is going to get even bigger. Their third-tier PC business is a likely shakeout casualty. I'm holding my ground." Food for thought from a guy who has been on the money.............