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To: Skeeter Bug who wrote (42098)	1/9/1999 9:57:00 AM
From: dppl	Read Replies (1) \| Respond to of 53903

A short term chart look at MU. We put in a potential evening star reversal Friday. This doesn't mean much unless support at 62 1/4 is broken. If it is broken I would add to shorts on the little pop we will get there. Otherwise, as per chart, support should kick in around 60 and MU might be good for a a flip on the long side. MU is way out of BB and bull channel. It can fall to 54/55 and remain in the bull channel, which is fairly likely in next 10 days. A lot will be news/rumour driven, however. There is a lot of big block dumping but also a fair amount of 10K block buying. Does anyone have money flow figures for Thursday and Friday (uptick/downtick)? DPPL

To: Skeeter Bug who wrote (42098)	1/9/1999 10:01:00 AM
From: PAinvestor	Read Replies (3) \| Respond to of 53903

Sounds like I actually touched a nerve, my little insect. But I kind of thought my comment would set of a torrent of expletives. So it appears that your investment time horizons are far different from mine. It appears that you make (and lose) money more on a daily/weekly basis than I do. I am willing to hold stocks over a longer period for potentially greater returns rather than the gratification (and yes, sometimes profitable method) of a quick in-out. So let's hold back on the mutual abuse and agree to disagree. So getting down to the only point of SUBSTANCE in your post. EAB have forecast $1bn capex for LG & Hyundai combined. When was that forecast made? Is that pre-buyout forecast or post buy-out? What are their overall industry forecasts? I'd be interested to know what they expect Samsung to spend. Also do they perceive any problems in integrating the two managements and fabs?

To: Skeeter Bug who wrote (42098)	1/9/1999 11:30:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

December romance may carry forward Charles Boucher; Donaldson, Lufkin & Jenrette Securities The December quarter earnings reports will confirm a turning point in the chip industry. There have been very few negative pre-announcements to date, and additional significant pre-announcements are not expected. Bookings trends were positive during the December quarter across the industry, with demand for PC components, such as microprocessors and DRAMs, especially strong. Prices have shown evidence of stabilization across most market segments, with revenue growth accelerating faster than unit growth for the first time since the peak of the last expansion cycle in 1995. The PC market sparked the strongest demand for semiconductors during the fourth quarter, as evidenced by Intel's positive pre-announcement in November and Micron's better-than-expected showing in its November-ended quarter. Stronger retail PC demand than was forecast, solid corporate PC demand, and sequential growth in the Japanese and Asian markets all helped fuel a more upbeat December quarter than had been predicted for PC unit and component shipments. It appears that channel inventories remained well-managed at year-end due to the strong sell-through. Continued sequential growth is projected for the first quarter as corporate demand picks up and companies complete their Y2K upgrades. Investment in data networking equipment by public carriers and corporations led to improving demand for a variety of components, including programmable logic, analog, communications/networking, microcontrollers, DSPs, and specialized memory devices. Demand for digital wireless handsets remained strong, benefiting suppliers of DSPs and analog components. The communications/networking markets represent the most exciting growth opportunity for differentiated semiconductor suppliers over the next several years, and we expect a positive outlook for this sector in the March quarter. We expect most companies to meet or exceed consensus earnings estimates for the quarter, and look for positive guidance for the current quarter. Stronger-than-expected semiconductor consumption during the fourth quarter, combined with draconian cuts in capital spending, plant closures, and headcount reductions, have helped squeeze the excess capacity out of the industry. Surprisingly strong demand heading into the March quarter should continue this trend, and start to push the industry toward capacity shortages, a situation that could develop by the second half of 1999. Proof of this thesis will be the start of lengthening lead times and price stability, with price increases possible for commodity devices. We have, in fact, already seen a substantial increase in DRAM prices from their low point last June. Although the outlook for 1999 is for a slowdown in economic growth, the consensus estimate for the United States calls for 2.2% GDP growth. Consumer confidence remains strong, and some of the hardest hit regions, such as Southeast Asia and Japan, are showing signs of improvement. Semiconductor unit consumption should increase in 1999 over the approximately 5% growth observed in 1998, and the first quarter is shaping up in support of that view. With stabilizing prices as the first hints of tightening supply appear, we expect margins and earnings growth to be quite strong in 1999, which may only be a precursor to further strength in 2000, as the shortage becomes more pronounced. Although the semiconductor stocks may take a breather after their torrid run in the final three months of 1998, semiconductor stock performance in 1999 could outperform the market once again. Copyright ® 1999 CMP Media Inc. techweb.com