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

To: Thomas G. Busillo who wrote (39329)	9/29/1998 9:18:00 AM
From: Bipin Prasad	Respond to of 53903

from wsj: Micron Technology reported a smaller-than-expected fiscal fourth-quarter loss, reflecting stabilizing prices for memory chips. ...... ....... Analysts said it is too early to suggest the memory market has turned around. "Internally, Micron is executing extraordinarily well, but the environment has not warmed up much for memory-chip makers," said Jonathan Joseph, analyst at NationsBanc Montgomery Securities in San Francisco. "It's still tough." Mr. Joseph said Asian rivals, including big manufacturers in South Korea, appear to be a whole generation behind Micron in manufacturing technology, putting Micron in a good position as the lowest-cost DRAM producer for the future........ * * * InSook

To: Thomas G. Busillo who wrote (39329)	9/29/1998 10:26:00 AM
From: phbolton	Read Replies (1) \| Respond to of 53903

Thomas: 372 semi revenues, 147 semi loss. After thinking about it for awhile those are the numbers that stuck in my mind. Prices would have had to have been almost 40% to have broken even. The early morning action indicates some folks actually looked at the numbers (but I doubt it). Will try to listen to the conference call later.