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

To: DJBEINO who wrote (36298)	7/16/1998 7:24:00 AM
From: ComSolut	Respond to of 53903

DJBEINO For your information Not sure if this has been posted. I check in periodically but I am not active in MU currently (although I hope to go short in the near future). From Michael Burke July 15 SI Thread Micron Technology (MU) near $30 is a joke. There is no there, there for this commodity DRAM producer. Even when MU posts nominal earnings, it never has any free cash flow. But tread slowly on this one. The Asian DRAM firms are once again building inventories and holding back production to stabilize prices. I refer to this as a DRAM scam, and it is the third attempt of this down cycle. The bulls always fall for this trick and buy MU because "they've seen the bottom." Then MU's lousy results moon them for real. ComSolut