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To: Sridhar Srinivasan who wrote (40731)	11/6/1998 1:40:00 PM
From: Carl Held	Respond to of 53903

MU......the facts.......... Semiconductor index: +50.7% since Oct. 9 MU: +83.4% since Oct. 8, +109.1% since Sept. 1 Earnings for 1998 (YR): -$1.10 Last Qtr. revenues: -27% Price/cash flow: 74.14 Based on these figures, the current price for MU is not based on fundamentals, it is due to Fund managers moving the money towards the semiconductor sector, which will be shifted out soon. Also, with the Feds lowering the rate (.25) on Oct 8th, it gave Fund managers opportunity to buy, along with the increase money going back into the funds. The overall global problems have not been solved in such a short time period. The US economy will slow down, which will result in earnings decreasing for the next 12 months. The overall current earnings atmosphere has not been that great. For all those buyers jumping in will end up buying at a premium price, only to be disappointed.

To: Sridhar Srinivasan who wrote (40731)	11/7/1998 2:44:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>However, I do believe that 1999-2000 should bring relief to the bulls.<< i believe that 1999 and 2000 will be better than 1998 also. not sure how much better and i suspect that early 1999 won't be as good as now. the end of 1999 could very well be better than now, though. fundamentals? are those fun mind games like the rubik's cube? otherwise, i know not whereof you speak ;-) hey, hopefully i get some puts and make lots of dough so you get a very good long entry point so you can make some dunkets too. if dram pricing turns up and the stock remains low, who knows... i might buy some calls ;-) psssst... $9 bil in market cap ain't low to me ;-)