It seems that MU estimates are going down the same way OVTI experienced it last quarter with a few differences. First, MU is like a big heavy truck that when it slows down then it takes much longer to get back to its normal speed. It took OVTI only one quarter to get back to the game but analysts blew it out of proportion and encouraged shorts to attack. Second, I do not think MU has prepared itself to compete in new products while OVTI was researching and getting new technology. Bottom line, MU will go lower and it may see prices under $10 while the only way OVTI will go is up.
MU estimates EPS ****** May/07 Aug/07 2007 2008 Current Est -0.21 -0.08 -0.21 0.26 07 Days Ago -0.20 -0.07 -0.18 0.30 30 Days Ago -0.14 -0.02 -0.01 0.42 60 Days Ago -0.13 -0.01 +0.05 0.43 90 Days Ago +0.06 +0.14 +0.47 0.74