Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Knighty Tin who wrote (59286)	5/13/1999 8:40:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

Mike, edreyfus.com Does this OI look right to you?

To: Knighty Tin who wrote (59286)	5/14/1999 5:30:00 AM
From: Ronald J. Clark	Read Replies (1) \| Respond to of 132070

Mike, Just curious as to your comment that the oil rally is "phony". What is your thinking regarding the matter? Thanks. Ron Clark

To: Knighty Tin who wrote (59286)	5/14/1999 9:21:00 AM
From: BSGrinder	Read Replies (1) \| Respond to of 132070

Another brilliant use of "volatility" as a euphemism for "sinking inexorably:" Micron Technology CEO Appleton Says Memory-Chip Prices Falling Boise, Idaho, May 12 (Bloomberg) - Micron Technology Inc. Chief Executive Steve Appleton said spot prices for some computer memory chips have fallen as much as 30 percent in the past six weeks as more supply has come on the market. Memory prices have been volatile in the past few years because of oversupply and consolidation in the industry, though they had been stable in recent months. That helped Micron post its first profit in more than a year in the fiscal second quarter ended March 4. ''Selling prices have moved back down,'' Appleton said in an interview. ''The degree to which (it will affect Micron's earnings) we won't know until we finish the quarter.'' Isn't volatile supposed to denote sharp changes in direction? When was the last time memory prices were upwardly volatile? Newspeak is alive and well in stock-jobber land. /Kit P.S. Also from Oz: How can a CEO not know the effect on earnings of given price levels of the products he manufactures? Maybe it depends on the meaning of the word "we," as in "YOU won't know until we finish the quarter."