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

To: DJBEINO who wrote (36170)	7/13/1998 11:20:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 53903

I enjoy how you try and spin out ugly news by highlighting small positives. (ggg) Let me tell you a little story: the oil mkt went bust in 1985, the oil drillers stopped adding capacity immediately, but demand continued to fall. Their stocks went to values below book and stayed there for 10 years. We are in yr 3 of the semi glut and are stocks are still substantially higher than book-- the only reason for this is because "technology" is involved. Soon enough investors will wise up and send stocks like MU to single digits where they should be. -Lucretius