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Technology Stocks : Micron Only Forum
MU 246.95+4.1%3:59 PM EST
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To: Ed Beers who wrote (16053)6/28/1997 4:22:00 AM
From: Kathleen capps   of 53903
 
Ed,

I think they intend to write off Lehi, not equip it. You're right, there's no way they have the money to equip it. The first 500 million went for "working capital" and normal operations, not to buy equipment for Lehi. Lehi still needs one billion and Mu has already wasted the first 1/2. Perhaps they will sell the plant to Gateway????

Do you know what is really needed in the way of additional equipment to make the transition from 16 to 64?

Kathleen
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