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

To: DJBEINO who wrote (34546)	6/8/1998 11:35:00 AM
From: TREND1	Respond to of 53903

NEW YORK, June 8 (Reuters) - Lehman Brothers said Monday it lowered its earnings estimates on shares of Micron Technology Inc. (MU - news) due to weak computer memory chip pricing. -- 1998 Q3 eps lowered to loss $0.70/shr from loss $0.50/shr; full-year 1998 lowered to loss $1.62/shr from loss $1.25/shr; 1999 lowered to loss $1.35/shr from profit $0.10/shr. -- Shares stood at 24-5/8, up 9/16. Lehman said it still expects stabilization in DRAM pricing in September 1998 - March 1999 timeframe. But, unless memory-chip prices actually move up, Micron's cost structure suggests losses for six months longer through fiscal 1999. Larry Dudash