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Technology Stocks : Micron Only Forum

MU 225.72

-3.0%

Dec 17 3:59 PM EST

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To: Kerry Phineas who wrote (15975)	6/27/1997 8:29:00 AM
From: Thomas G. Busillo	of 53903

Kerry & Joan, what I can't understand is why FY'98 is still @ 4.05. Assume that TK's 4Q'97 and FY'97 estimates somehow bake in higher expenses re: financing, operations, maybe dilution, etc. Ceteris paribus, why would the FY'97 est. go down and yet the FY'98 est. stays the same? I find it curious that whatever expenses make you shave your FY'97 est. go into the meat grinder and miraculously come out in the end producing earnings in FY'98 exactly off-setting whatever effect they would have on the expense side in FY'98. I'm assuming that beginning test at Lehi somehow gets factored in there somewhere, but I don't have a handle on the expenses. Any reads on how Lehi gets tied into all this? Baffled as ever on TK, Tom

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