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

To: Skeeter Bug who wrote (42435)	1/21/1999 8:28:00 PM
From: DJBEINO	Respond to of 53903

"Oem's are reporting that the DRAM manufacturers will be raising prices on February contracts on all products. Past pricing trend strength indicates that the DRAM market is in a definite uptrend. Activity on 8MX8 FPM 4K REF 3V TSOP is driving prices higher in today's trading. The Intel CPU market is stable." according to AICE

To: Skeeter Bug who wrote (42435)	1/22/1999 9:43:00 AM
From: Sridhar Srinivasan	Read Replies (3) \| Respond to of 53903

Skeeter: It is apparent that Micron the stock is getting ahead of itself. While I still am a long term bull on the chip market (and MU because of its production efficiencies/ low cost), I do not see the type of demand growth to justify current valuations or the analyst hype (Dan 'dont-know-nuttin' Niles pegs MU market cap at close to 60 Billion Dollars in 2001). While I still think that your April puts are toast (there is too much money chasing stocks right now), I think a longer term put position (like Oct or Dec. 50s) should pay off quite well. Of course, if we see healthy demand growth in PCs in 99 and DRAMs (given the significant slow down in capacity growth), you might have to do a turn about on MU's prospects and become a BULL (did I say something blasphemous? -G-) Best Regards, Sridhar