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Technology Stocks : Micron Only Forum

MU 236.48

+2.7%

Nov 28 9:30 AM EST

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To: cordob who wrote (52756)	7/6/2001 1:09:20 PM
From: Skeeter Bug	of 53903

>>I expect a sharp turnaround in the chip prices once inventory in the channel has to be rebuilt, but I have no idea when that will be<< in the meantime, watch mu's cash position drop about $300 million per q. watch the cash levels, not the other phony accounting rif raf used to hide stuff from the less savvy. btw, mu CAN'T wait until their cash goes to $0 to do something. my guess is within 6 months there will be another equity offering or convertible deal for $1 billion. further dilution (mu's REAL business!). if the market doesn't like the deal, mu could be in a SERIOUS pinch.

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