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To: Thean who wrote (596)6/8/1998 12:32:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
if you haven't already.... short DELL, INTC, & [MU (again)]

You'll thank me (ggg)

-Lucretius

BTW-got a new one for ya---- CBUK.... it'll see at least 20 maybe 13. Short it here. I'm hearing very bad things and the chart looks crappy. What do ya think?



To: Thean who wrote (596)6/8/1998 12:34:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
ain't this a shame. I think I'm tearing up............

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.