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

To: John Graybill who wrote (43471)	3/4/1999 3:45:00 PM
From: Robert	Respond to of 53903

John -- Those must be Gruntal's clients on the ask hard at $53. HA HA HA -- Robert

To: John Graybill who wrote (43471)	3/4/1999 3:49:00 PM
From: Robert	Respond to of 53903

More Gruntal clients dumping at $53 . . .

To: John Graybill who wrote (43471)	3/4/1999 4:06:00 PM
From: Robert	Read Replies (1) \| Respond to of 53903

Well, maybe yet another indication that we will see a further decline in MU's stock price in the near future: 1. Dow up 190, Nasdaq up almost 27, S&P up 18, 30-year ends flat BUT 2. MU up a whopping 1/8! Forgive me if I am underwhelmed. Thoughts? -- Robert

To: John Graybill who wrote (43471)	3/4/1999 8:31:00 PM
From: Thomas G. Busillo	Respond to of 53903

John, but "everything is permitted". Why should an analyst support their assumptions with actual numbers when they have a servile, co-opted financial media that vomits back what they say? $100 price target, $200 price target... 20% market share, 23% market share, 25% market share... Why shouldn't an analyst fail to update errors in the historical financial performance of a company he covers in his research weeks after these errors are clearly laid out in an SEC filing? Why shouldn't certain large telecomm companies release material information during market hours conference-calls barring the press and the public or certain large hardware vendors release material information during company visits by selected Wall Street insiders? If there is no accountability, then "everything is permitted". There is no accountability. Arthur Levitt's moving in the right direction, but until he does more than pick off easy targets like "the mob" and stock-tout schnooks, does more than make well-intentioned speeches, does what needs to be done to let people know that the game-playing is over, IMHO, there is no accountability, and these people will continue to act as if "everything is permitted". Good trading, Tom

To: John Graybill who wrote (43471)	3/4/1999 8:55:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

Morgan Stanley Semiconductor Conference, March 8-10! I don't know if MU is presenting or not, but I am sure we will see plenty of "new era for semi stocks" touting. So Larry's "bear raid" sirens will be going off soon, but IMO it will be little more than a test. An intra-day spike might be all we see, amid a sudden buzz about how great MU's earnings are going to be.

To: John Graybill who wrote (43471)	3/5/1999 11:52:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Micron Technology (MU-Strong Buy-$52 5/8) Investor Suitability: Aggressive Growth We are upgrading our recommendation on Micron Technology to Strong Buy from Buy and are also increasing our 12-month price target to $100 from $65. Furthermore, we believe MU's recent price decline is overdone and makes for an excellent buying opportunity. We are convinced that the DRAM market is in the early phase of a long term cyclical recovery that could last between two and three years. This, of course, bodes extremely well for MU. Micron's production costs are dropping rapidly, the conversion of Texas Instruments (TXN-NYSE-$91.88-Strong Buy) capacity is moving smoothly; MU is rapidly expanding its output and capitalizing on the current market opportunity. Additionally, MU's major Asian competitors are still suffering from the Asian crisis and their access to massive capital does not appear likely in the foreseeable future. Micron is rapidly moving toward becoming the number-one DRAM supplier in the world with the lowest cost structure coupled with a formula for dramatic earnings leverage. Based on the above reasoning and the recent MU decline in valuation, we believe MU stock represents remarkable value. ( Mona Eraiba )