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To: FJB who wrote (40789)	11/10/1998 4:13:00 AM
From: Fred Fahmy	Respond to of 53903

<These are very real events and you can see their effect in MU's stock price.> Yet all of these events still haven't translated into a profit for MU. Re: industry health If you are talking specifically about the DRAM industry, it is still in desperate need of a good doctor. Even the most optimistic projections don't call for demand to come in balance with supply for quite some time. MU is hardly out of the woods yet and the price is so far ahead of reality it is ridiculous. There is no reason MU should be trading higher than a stock like LSI. FF