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

To: TREND1 who wrote (33786)	5/21/1998 11:04:00 AM
From: Knighty Tin	Respond to of 53903

Larry, Actually, breakeven every quarter will put them out of business in two years, since breakeven eats cash. I don't believe the current estimates at all. If they aren't just putting every chip they make into their phony inventory number, MU could lose a buck a share this quarter. I know they won't report anything like that, but a little detective work should show where they are hiding the losses. And, yes, for Technical Anals and other momentum players, a turnaround has been promised for several quarters. The longer it becomes evident that a turnaround is a dream that is never coming true, the more possible it becomes for even the price momentum oriented and Judas goat followers to figure out that this stock is way overpriced. <G> MB