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

To: DJBEINO who wrote (35636)	6/23/1998 11:47:00 PM
From: DJBEINO	Read Replies (2) \| Respond to of 53903

SRAMs stay above the pricing fray eet.com

To: DJBEINO who wrote (35636)	6/24/1998 12:35:00 AM
From: Skeeter Bug	Respond to of 53903

what a pimp piece. micron isn't the largest dram mftr... yet. this piece can't even get the acquisition timing right. pc demand "reacceleration" is an assumption for micron's success. HO HO HO HO HO! dram is a rational market long term. short term i don't think i can imagine so many goofus calls. what they failed to mention is the number of dram companies that went out of business during the last cycle down. hmmmmmmm... ;-) i guess 13 us mftrs down, one to go doesn't meet their research criteria. ;-)

To: DJBEINO who wrote (35636)	6/24/1998 2:14:00 AM
From: John Graybill	Read Replies (1) \| Respond to of 53903

>>On a relative valuation basis, MU is at a low, trading at 0.93 times price to sales Not so fast there, Monty! "Micron" is "Micron Semiconductor" and 64% of MUEI. MUEI was more than half of MU's reported sales this past quarter (HOW DOES THAT ACCOUNTING WORK!?) but nowhere near half of MU in market cap. (64% of 95M shares * $11/share = $670M, compared to total MU valuation of 210M shares * $24/share = $5.04B.) That's about 13%.) Knock out MUEI's (major) contribution to the sales and knock out its (minor) contribution to the price and that price-to-sales figure is gonna go way up.

To: DJBEINO who wrote (35636)	6/24/1998 4:18:00 AM
From: dumbmoney	Read Replies (1) \| Respond to of 53903

That was a long-winded way of saying nothing. We've seen more insightful analysis from DavidG and Skeeter. <g> "Clearly, anecdote is building that the large PC OEMs have largely worked down their excessive inventory levels and will begin ordering once again over the next month, or so." Ah yes, the old inventory correction canard. "Anecdote is building! Building I tell you!"

To: DJBEINO who wrote (35636)	6/24/1998 10:38:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 53903

DJ, the part at the bottom with the * tells it all. Only one of their scummy bankers could love this dog. <G> The piece is so full of logical absurdities that it would be laughed out of a meeting with portfolio managers. Most notably, the pc industry, upon which DRAM is a parasite, is no longer in its infancy and showing huge growth rates. If that industry is not mature, it is certainly approaching maturity. The game is over for DRAM as a growth product. A commodity product that occasionally has a profitable year, maybe. But growth? That is history. Thanks for posting this piece. It is fun to see how a banker will stretch and overheat his wee mind to try to find some "facts", none of which are based upon industry fundamentals, that carry him to a happy conclusion. This geek's next job: selling potato salad in Chicago. <G> MB

To: DJBEINO who wrote (35636)	6/24/1998 12:06:00 PM
From: DavidG	Read Replies (3) \| Respond to of 53903

DJ, Now "I" certainly appreciate these recent posts that you have been making. Hopefully it won't be long before others will begin to see The "New MU" with a new perspective. Of course those that looked at their PUTS as annuities for their Earlie retirement may find that they will be working just a little bit longer to compensate for this little MU blip up on the charts.<g> Of course... maybe it isn't going to be such a little blip, but maybe something much bigger.<g> I am waiting for Tom "the best there is " Kurlak to outdo Montgomery with some upbeat analysis.<g> Afterall didn't you post not too long ago that Merrill had a sizeable holding in MU. Seems their "pump and dump" MO is about due. Of course there is always Fidelity, too, with an ever increasing position in their Funds.<g> I guess Earlie was just mistaken when he assured us back in January and February that Fidelity had just about sold out of all of their positions.<vbg> ... Well DJ...Keep those comments and Letters coming.:-) Good Luck Trading DavidG