Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Electronics (MUEI) -- Ignore unavailable to you. Want to Upgrade?

To: MONEYMAKER who wrote (3357)	6/7/1998 8:17:00 PM
From: Maher Sid-Ahmed	Read Replies (1) \| Respond to of 4074

MONEYMAKER: "MU (parent company) is hurting and may have to sell MUEI in the near future to raise cash if chip prices stay below $2. " If MU sells its shares through private placement the share price of MUEI will jump a few dollars. Just look at Astra-Merck after it purchased Merck position - both companies share price went up. Last quarter MUEI relocated a large number of their employees to Micron, and if you look at their last report a lot of cleaning up has been done in the last quarter. This share may see $20 before the end of summer depending on sales and profit margin. Just be patient. Their products are among the best in the market at competitive prices. Their internet sales are increasing and their business model is sound. These plus Kocher has a proven track record. I for one hope that MU sells most of their position in MUEI, however, I think this will not happen soon. Maher