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

To: mike iles who wrote (34583)	6/8/1998 9:40:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>EW 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.<< mike, first, 1998 was going to be a rebound year. next, the second half of 1998. now we are into march, 1999 with the caveat that pricing has to improve. HO HO HO HO HO! the analyst sugar daddies keep pushing it back 3-6 months at a time and the dopers keep wagging their tongues in glee. they have been so wrong for so long (1995 to present - over 3 years ;-) that only the most dimly lit bulls must have faith in them. they did this with xlnx for 15 months. each q they would say "this wa a disappointment, but wait until next q." 15 months the dolts blieved. they hated me for mentioning that xlnx was a no growth company. they also took a big fat haircut ;-) those june 25 puts are looking kinda juicy if we go much higher before the lps report ;-) now kiddies, remember to multiply these losses by 150% if mu can afford txn's business (psssst, they can't without MASSIVE share dillution - and txn doesn't want to own mu stock). this appears to be just hype, if you ask me - and i'm very right on 2 things. mu's hype and their fumblementals.

To: mike iles who wrote (34583)	6/8/1998 9:58:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

mike you wrote <<'Hey, it's only an inventory correction' >> Could you be right on and not know it?(g) Larry Dudash

To: mike iles who wrote (34583)	6/8/1998 10:50:00 PM
From: Knighty Tin	Respond to of 53903

Mike, I loved the Toms interview. Especially when he started telling the truth about why institutional investors try for mediocrity and achieve it. <G> That dude had better make it with his hedge fund, because he'll never do lunch in the money management business again. Believe me, I know how it feels. Innovators are pioneers and the pioneers are the ones with arrows in their backs. <G> I agree that MU fits his definition. So does IBM. Thus far, nobody has noticed that about Beamer. They will. MB