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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (53350)	3/24/1999 11:14:00 PM
From: Eggolas Moria	Read Replies (1) \| Respond to of 132070

Interesting, Earlie. Let's see what the market thinks of it tomorrow.

To: Earlie who wrote (53350)	3/24/1999 11:26:00 PM
From: Eggolas Moria	Read Replies (1) \| Respond to of 132070

Earlier Wednesday, Wu initiated coverage on Micron with a price target of $100. He estimates Micron will earn 80 cents a share this year, $7 a share next year and $14 a share the year after. "We think DRAMs will be moving into a shortage situation in year 2000," Wu said. "How not to make money when there's a shortage if you are an efficient producer." Micron Technology shares fell in after-hours trading, to 52 from 53 3/8. Gosh, where did I see these estimates before? How long ago??? news from DJ Newswire

To: Earlie who wrote (53350)	3/25/1999 12:10:00 AM
From: Eggolas Moria	Respond to of 132070

Micron released the numbers after stock markets closed. Its shares rose $1.375 to $52 in New York Stock Exchange composite trading after Mr. Niles Wednesday morning upgraded estimates for the fiscal year from 70 cents to 75 cents a share. In after-hours trading, the stock settled back to $51, according to Instinet Inc. The company, based in Boise, Idaho, is the largest U.S. DRAM maker and is considered a proxy for the health of that business. Until the latest quarter, depressed prices had caused five straight quarterly losses. DRAM pricing remains volatile. Analysts expect that consolidation, demand for higher volumes of computers, and reduced factory expansion ultimately will tighten capacity, causing a sustained improvement in prices. But Steve Appleton, Micron's chief executive officer, said in an interview that prices had actually declined somewhat in the past month, partly because PC sales aren't as robust as expected. Echoing PC makers, Mr. Appleton noted that year-2000 concerns haven't generated as much corporate PC purchasing as anticipated. But Micron's quarterly results were helped by better manufacturing productivity, the company said. interactive.wsj.com

To: Earlie who wrote (53350)	3/25/1999 1:19:00 AM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

I'll be honest, I was completely puzzled by the numbers they did release. Your commentary puts some of it in place, but the sudden jump in revenue still seems impossible. What, did they have a warehouse full of TXN parts they had to mark down to zero last summer that someone suddenly bought? I'd love some confirmation of same. mb PS - how'd you like IBM's PC losses, and services profits..?