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Micron Technology, Inc. Message Board

  • seamaster5 seamaster5 Oct 11, 2013 11:49 AM Flag

    MU MISSED BY 28%, THATS HUGE

     

    EXPECT 12'S NEXT WEEK.

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    • Wedbush analyst Betsy Van Hees told clients in a note that while Micron’s fiscal fourth-quarter revenue “soared past expectations, GAAP earnings excluding the one-time gain from Elpida fell short, as much of the Street didn’t account for the impact from purchase accounting.”

      But echoing Newman’s analysis, she also wrote, “We believe with our long-term investment thesis is firmly intact and continuing to play out: investors should take advantage of any weakness in the stock today and buy shares.”

      Jefferies analyst Sundeep Bajikar also upped the broker’s price target to $30 from $25, citing the expected profit contribution of Elpida in the coming quarters

 
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