Catastrophic drop in revenues and earnings from growth to shrinkage implies a high 50’s price for $Micron Technology(MU)$ MU imo upside absolutely nil downside huge.
And they tell me the primary reason for the warning was...
Lack of PC demand ! Yowsa ! $Microsoft(MSFT)$ Msft
Sales will be about $7.65 billion Micron said Tuesday in a statement. That compares with an average analyst estimate of $8.57 billion, profit will be $2 to $2.10 a share, compared with a projection of $2.56.
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