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Technology Stocks : Micron Only Forum

MU 419.69

-4.1%

3:59 PM EST

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To: Patrick Hennessey who wrote (46245)	6/11/1999 12:19:00 AM
From: Skeeter Bug	Read Replies (3) of 53903

patrick, if the dram business is so great, why is mu in the hock for $1.5 billion and have to issue mondo shares almost immediately after the best of times anyone could imagine? reported eps is not the same as cash flow - mu has never had it. iow, how long can i spend $5 to make $4? eventually, i run out of dough (and take on debt, sell pieces of my business and issue shares - sound familiar? ;-) the key here that i think is very important is that there will be an inflection point. profits will decline this q and decline a lot. how can you have a recovery when you are losing more money now than last q? that is a recovery in reverse, isn't it? mu is trading on gagga now and may continue to do so until the eps release. i will continue to buy higher strikes and cheaper puts all the way up to earnings. a 25 cent + short fall in eps that debunks the dram recovery thesis will not be rewarded. all imho...

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