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

To: robert w fain who wrote (41663)	12/23/1998 11:00:00 PM
From: VLAD	Read Replies (1) \| Respond to of 53903

<<What is the problem?>> If you don't see the problem and if others here have not pointed it out well enough for you I guess I will try to briefly explain it to you. How do you justify paying over $50.00 for a company that has lost $1.47/share over the past 12 months? MU is a commodity company and there is no way that in the present DRAM environment MU should be trading at above $25.00/share let alone $50.00/share. When MU is able to string together 3 consecutive quarters of profits above .25/quarter I could then possibly justify today's pricing of this sardine. And let's not compare the price of MU to that of an internut company. Finally, I don't care if MU is the "Worlds best DRAM manufacturer"--whatever that means. Zenith made a pretty darn good TV and look what happened. A commodity is a commodity no matter who makes it and the Asians will always dominate a commodity that can be mass produced with cheaper labor.