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To: Paul Engel who wrote (79594)4/21/1999 2:41:00 PM
From: GVTucker  Read Replies (3) | Respond to of 186894
 
Paul and thread: Dan Niles strikes again.

He cut his rating and estimates on MU early this afternoon, and the stock drops from 45 to 39. He cut his FY99 estimate sharply, going from 75 cents to 24 cents. If MU does indeed announce below consensus numbers for the May quarter, two things are for sure:

1. Niles will be elevated to deity status by Wall St.
2. Niles will be arrested within 2 years for trading on insider info.

Once is luck (DELL), twice is coincidence (INTC), three times is a trend (MU).