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Technology Stocks : Micron Only Forum
MU 246.84+4.2%Nov 14 9:30 AM EST
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To: Tim McCormick who wrote (48944)10/4/1999 6:11:00 PM
From: Thomas G. Busillo  Read Replies (2) of 53903
 
You can always count on the Kipster:

Declines in average selling prices were substantially offset by realization of lower costs per megabit sold, including lower costs on devices previously held in inventory.

Um...it was the Kipster who went out about a month ago and was spinning some tale about how "older inventory", specifically the higher costs of older inventory, would mute the effect of rising prices right?

Now not only do they blow away the number (not that hard to do when you consider the % of dumb-asses making up that number...well, okay, let's be fair here...either they're dumb-asses or they are sleazoids who intentionally sat on their estimates hoping for an upside surprise...)

Now it's "lower costs on devices previously held in inventory"?

How do you come up with that scenario?

The scenario being, you send captain tout out ahead of time talking down the quarter by throwing out concerns over "older inventory" and now they blow it out and guess who refers to "lower costs on devices previously held in inventory" - the Kipster.

Other than writing down inventory, which they don't mention, so there's no reason to believe they did, what's the explaination?

Good trading,

Tom
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