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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (28482)	5/26/1998 1:05:00 PM
From: Earlie	Read Replies (2) of 132070

MB: I agree with you that MU has a myiad of accounting tricks that it can employ, but it probably won't matter much this quarter. With 16 Mbit at $1.65 and all-up cost to put them out the door at double this figure, it will depend on just how much product they manage to ship. If ever there was a quarter during which management would dearly love to stuff the entire production run into inventory, this would be it (G) Problem two is yield at 64 Mbit, which is crummy. Sure it is rising, but when you are throwing out more than you sell, it hurts. Yields don't respond well to desperation efforts. Even worse, prices just continue to drift down. Mu's yields are much worse than we had earlier surmised While 128 and 256 Mbit is being sampled by the Asians, this is a solution looking for a problem. No demand in sight....yet. Our numbers suggest that your $1.00 is on the money. Could be considerably higher if they bang out inventory or write off accumulated garbage. Can't see any relief in the follow-on quarter, (Goldman and further words from Abbey not withstanding) (g). Marvel's CEO may soon have a new C 11 assignment (g) Best, Earlie

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