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

To: TREND1 who wrote (42369)	1/19/1999 11:16:00 AM
From: John Graybill	Read Replies (1) \| Respond to of 53903

MUEI is straight down 2+ today with the rest of the box-makers up; looks like the culprit is onsale.com, which is changing its business model to selling computers at cost and hoping to profit from ads on their site. FWIW, there are 96M shares of MUEI outstanding and MU owns 61% of them, so every dollar change in MUEI stock is, in theory, a $56M change in MU's market cap as well. Today's gap-up in MU is a surprise to me. I was expecting some post-expiration mark-up in inventory for selling back to the public, but not a gap open. Looks like they've just about closed it already anyway.