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

To: John Graybill who wrote (44874)	4/8/1999 11:06:00 AM
From: Thomas G. Busillo	Read Replies (5) \| Respond to of 53903

John, YOU DA MAN!!!! It was (B)! biz.yahoo.com Thursday April 8, 9:58 am Eastern Time RESEARCH ALERT - Micron Tech kept as buy NEW YORK, April 8 (Reuters) - PaineWebber said Thursday analyst John Lazlo reiterated a buy rating on Micron Technology Inc. -- Reiteration followed first day of Micron's two-day analyst meeting. In a note, Lazlo said Micron ''believes it is at least one year ahead of competition with respect to migration to 0.18 process technology.'' -- Said company indicated it expects at least 100 percent dynamic random access memory (DRAM) bits growth this year and has increased its capital expenditure budget for the year to $1.1 billion from $900 million. -- Price target is $105 a share. -- Shares fell 1-3/8 to 48-1/4 in early trading. Raises some interesting questions considering that they already reported a 90% sequential increase in bit production last Q. Basically, what does this really mean? From this point forward 100%? For the FY 100% For the CY 100% How much of the 90% sequential increase last Q was non-DRAM related? Does this "100%" include goods purchased from JV's? Good trading, Tom