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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Keo who wrote (127807)	5/22/1999 5:41:00 AM
From: JKC	Respond to of 176387

I thought the the fellow Dell supporters would like to know what Dan Niles recommends. He like Micron Technology with No Earnings, No Growth and No Future - But the stock rates a buy Press Release May 18, 1998 Contact Cheryl Popp 415.693.3506 Dan Niles 415.693.3241 BANCAMERICA ROBERTSON STEPHENS RAISES RATING ON MICRON TECHNOLOGY San Francisco, CA. – BancAmerica Robertson Stephens research analyst Dan Niles raised his rating today on Micron Technology (MU) from a Long Term Attractive to a Buy. While he has reduced his estimates on the stock based on anticipated negative DRAM gross margins in May, he expects DRAM orders to pick up in July and that the supply-demand ratio will be balanced by year-end. Since margins have bottomed, Niles believes this is an exceptional buying opportunity. "Since 1984 a bottoming in gross margins has been followed by a bottoming in stock price. This time should be no different," Niles said. His year-end price target is $40. New EPS estimates for 1998 and 1999 are ($1.20) and $0.70, respectively. Recent DRAM inventory has declined at a ferocious rate driven by excess PC inventory. 16 Meg DRAM pricing is now below $2.00 as excess PC channel inventory continues to punish demand. However, channel inventory should be worked off by the end of Q2 and orders should sharply rebound in Q3, Niles believes. He expects PC unit end-market demand to increase by 18-20% in the second half of 1998, compared to the first half of the year. BancAmerica Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The firm's 50 senior research analysts cover over 575 companies --------------------------------------------------------------------------------