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

To: MR. PANAMA (I am a PLAYER) who wrote (34237)	6/3/1998 7:09:00 AM
From: Kathleen capps	Respond to of 53903

From Yahoo board -- can anybody confirm this?? We have increased our loss estimate for FQ3 from $0.56 a share to $0.73. Our sales estimate has been lowered from $655 million to $613 million. This level compares with sales a year ago of $965 million. This change in estimates for Q3 reflects the decline in estimated average prices since our last forecast for 16 Mb DRAMs from $2.75 to $2.30 and for 64 Mb DRAMs from $14 to $11.50. Currently 16 Mb are $2.00 and 64 Mb are $9.00. We estimate MU will lose $156 million in the quarter followed by another loss of $135 million in FQ4. Our full year loss estimate has been raised from $1.27, before a non-recurring gain of $0.18, to a loss of $1.74. We expect the shares are expected to remain weak. Tom Kurlak 6-2-98