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

To: Fabeyes who wrote (37840)	8/26/1998 10:42:00 AM
From: phbolton	Read Replies (2) \| Respond to of 53903

Translation of Lehman report: "Prices dropped 25-35% in June, were up a touch in July, down 5+% in August and are now at their all time bottom. Following a 35-50% drop in the prior quarter, net drop of 60+% in just two quarters things are not good in DRAM land. Remember we told you so don't complain. See we even said flat to down about the future as well." Remember on March 1, 1998 16Mb SDRAM was about $4 and its now well under $2, and MU was losing money at the $4 price.