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To: TREND1 who wrote (33266)	5/13/1998 9:31:00 AM
From: pat pasquale	Read Replies (1) \| Respond to of 53903

LD; my ? to you is lets say supply and demand do change for the better what makes you think BOX makers are going to allow dram prices to climb so far up...whats a 16 mg chip now $3.00 maybe... 64, 128 you think these prices with all the competition will bring in decent profits to justify these stock prices... good trading pp

To: TREND1 who wrote (33266)	5/13/1998 9:39:00 AM
From: dumbmoney	Read Replies (2) \| Respond to of 53903

PS: Forever bears can only "look" at past earnings and a few quarters ahead at most ! The question is how long are the funds going to hold this dog waiting for the recovery which nobody can predict. Fund managers are not known for being patient...I expect a massive dump sometime between now and the June earnings release. But I've been wrong before!

To: TREND1 who wrote (33266)	5/13/1998 10:10:00 AM
From: ratan lal	Read Replies (2) \| Respond to of 53903

Larry Forever bears can only "look" at past earnings and a few quarters ahead at most ! I have to disagree with you. Unless MU is a unique animal. everyone looks only at the next earnings report ONLY to decide what the stock price should be now. Even tho it is a cyclical business, the cycle for each quarter is established and earnings are relative to the same quarter year earlier or more correctly relative to MM projections. ratan

To: TREND1 who wrote (33266)	5/13/1998 11:03:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 53903

I see you had time to post 5 or 6 new messages? Could it be there is no bullish case for MU besides blind hope and prayer? (ggg) In any case, this sector honestly reminds me of the oil drillers back in '85 after the oil mkt collapsed. Too much capacity and not enough demand. It is now 12 yrs later and dayrates while finally coming back, still aren't back to replacement levels. The only thing that drove up dayrates was a shrinkage in the rig fleet. Semi's look to be in the same situation except that investors are a little more stupid about where they throw their money because it is technology, which we all know can only go up, right? It will probably take them a little longer to figure out that semi's are a commodity business w/ boom/bust cycles much like any other cyclical business. This industry looks dead for a long time (and I ain't talkin a yr or 2) until capacity is shrunk due to bankruptsy or a new use is found to expand demand exponentially. -Lucretius