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Technology Stocks : Micron Only Forum

MU 252.71

+2.3%

12:27 PM EST

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To: Richard Russell who wrote (30494)	3/17/1998 10:41:00 AM
From: phbolton	of 53903

email discussion with "thestreet.com": John Edwards: Thanks for the reply. I still think that a loss of 0.41 is the correct figure as also reported by Bloomberg and others. The Micron press release [which is available at micron.com ] also lists the 0.18 as a one time gain, due to a sale of assets: "Operating losses incurred in the Company's semiconductor memory and PC systems operations were partially offset in the second quarter of fiscal 1998 by an $0.18 per share<diluted (after tax and minority interests) gain on the sale of 90% of the Company's contract manufacturing subsidiary." Best Philip >Mr. Bolton, > >Thanks for your note. Checking First Call, I find that it records the >18-cent gain as a "non-extraordinary unusual item," meaning it's properly >included in the operating figure. I haven't been able to find the >discrepancy you mentioned, however. > >Again, we appreciate your feedback. We'll stay on top of this very complex >report and see if there's any additional light we can shed. > >Regards, >John Edwards > > >==================== >John J. Edwards III >Senior Markets Writer >TheStreet.com

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