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

To: Peter Piper who wrote (43647)	3/11/1999 10:10:00 AM
From: Tony Wang	Read Replies (1) \| Respond to of 53903

To Peter Piper: I agree with you about MU. Remember in Nov. 98 when Texas Instruments basically gave Micron their semiconductor producing facility and loaned 700 million to utilize it in return for MU stock? Those are signs of a bottom in an idustry. Big giveaways. Throwing in the towel. Just like oil the other day in a NJ gas station, I bought a bottle of Evian water, it cost a dollar. The gallon of gas was only 85 cents. I think this is the first time in my life that water was more expensive than gas. Is that a sign of a longterm bottom? Look at Oil stocks the last 2 days.

To: Peter Piper who wrote (43647)	3/11/1999 10:24:00 AM
From: Thomas G. Busillo	Read Replies (3) \| Respond to of 53903

Peter, it's different only in the sense that my guess is that there are less shorts to be squeezed. But there definitely could be an explosion to the upside and if the analysts start revising their numbers upwards before earnings it could have legs. As far as the article goes: their investments in Japan during 1998 were expected to drop by 30-40 percent from the previous year. Well, if some of the Japanese players are deciding that outsourcing makes sense, I guess their investments in Japan they would drop. Whoever was quoted in that article should get up to speed on Korean CAPEX plans. Good trading, Tom