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From: chedley@psueea.uucp (Chedley A. Aouriri)
Newsgroups: misc.invest,sci.electronics
Subject: Re: More Silicon Valley Damage
Summary: Micron Technologies
Message-ID: <1870@psueea.UUCP>
Date: 27 Oct 89 08:06:00 GMT
References: <12536463983020@Macbeth.Stanford.EDU> <35970018@hpindda.HP.COM> <23374@cup.portal.com> <1028@mtxinu.UUCP>
Sender: news@psueea.UUCP
Reply-To: chedley@jove.cs.pdx.edu (Chedley A. Aouriri)
Organization: Dept. of Computer Science, Portland State University; Portland OR
Lines: 22

In article <1028@mtxinu.UUCP> alan@mtxinu.UUCP (Alan Tobey) writes:
>
>One production line which surely wasn't quake-damaged is that of Micron
>Technologies in Boise Idaho.  MCRN, trading at c. $12 and half its '89
>high, is a profitable maker of DRAM and SRAM chips and some board-level
>products (for example, a Mac II video controller).  MCRN is my current
>...
>CAUTION:  I own a bunch of MCRN.

I disagree with you on the prospects of MCRN and other producers of DRAM's.
MCRN invested a lot of money to build huge production capacity, at a time when
most other major producers were shutting down their plants. It is now stuck with
a high fixed cost in a cut throat commodity business dominated by the huge
japanese conglomerates.

The stock market recognized this and halved MCRN's stock price over the last 
year. The beating may not be over, as MCRN is left lonely to compete with the 
major japanese and far eastern producers of DRAM's.

CAUTION: I shorted (and closed) a bunch of MCRN, and made a bundle on it!

..CHEDLEY..