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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (24698)	9/28/1998 10:34:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 70976

GM, Re rate cut: After arguing a few weeks back that there was no "economic" reason for the fed to cut rates, market psychology dictates a cut of 50 basis points or more. The only question is whether or not the whole cut will come tomorrow. Re Good News: Did I miss it? or did this thread miss both these "after the bell" stories? Micron Technology Inc. (MU) 33 7/8 -1/8: memory chip maker posts a fiscal Q4 net of $0.42 a share, considerably narrower loss than the First Call estimate of $0.54 a share; in the year-ago period it earned $0.33 a share; stock has traded up in after hours trading after closing off more than one point during New York hours; see press release..... Micron Electronics Inc. (MUEI) 16 15/16 +3/16: direct marketer of PCs posts a fiscal Q4 net of $0.08 a share, excluding contingency accruals, six cents better than the First Call estimate, vs year-ago net of $0.16 a share; sales fell 21% to $339 mln; see press release..... that is, if one can call reduced revenues and earnings but not as bad as the estimate, 'good news'... Ian.