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To: Skeeter Bug who wrote (36611)	7/28/1998 3:32:00 PM
From: DJBEINO	Respond to of 53903

What's happening with price for DRAMs - the building blocks of personal computer memory? The Street.com's Herb Greenberg has some answers. msnbc.com

To: Skeeter Bug who wrote (36611)	7/28/1998 3:51:00 PM
From: DavidG	Read Replies (1) \| Respond to of 53903

Skeeter, btw, don't you remember how great you thought 1998 was going to be when kurlack touted his "best of all scenarios" song and dance. ;-) remember how unrealistically negative you thought i was? ;-) even so, don't forget i was, in fact, right - along with all the other bears. :-) Not sure I know what you are talking about. I was long in the 20's and 30's last year and as it went up sold covered calls. MU was taken from me at 37.5 or 40 don't remember. Then it kept going up as I was buying PUTS. Kurlak then touted MU and squeezed me. I eventually made out ok. But I do remember leaving a lot of money on the table.<g> As far as unrealistically negative, yes I always remember you being that way.:-) BTW I think MU is good for a couple of more points than maybe a short or PUT position. Whatcha think? Good Luck DavidG

To: Skeeter Bug who wrote (36611)	7/28/1998 4:19:00 PM
From: Sridhar Srinivasan	Read Replies (1) \| Respond to of 53903

you, just like sridhar in $40s and $50s - remember those times? ;-), are confusing the perception of fundamentals with actual fundamentals. Skeeter, thanks for invoking my name. The discussion we had then, of perception being reality, albeit changing ever so rapidly (I mean perception), will be valid now and in the future. The point that I was trying to make then, and that David is trying to make now, is that fundamentals are rotten; everyone agrees on this. Even you, the ultimate DRAM bear, would not have forecast prices where they are now. However, the stock behavior often is a leading indicator of things to come rather than a trailing indicator. Having said this, I would be the first to admit that you have been more right in calling the MU price action than I have been. However, an added caveat here, is that, the MU price has probably been the most accurate indicator of the downturn. It is instructive to go back and look at MU stock price visavis the rotten turn the fundamentals kept taking. Well, this is not terribly surprising, because the market at large, especially the folks who play with real money, obviously have a closer and a clearer view of the fundamentals than you or I would have. Well, if all this does not make sense, you can still chuckle and say that Sridhar has not changed much. Best Regards, Sridhar