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SB, The sales have to have increased more than I expect, about 25 pct., and most of them have to have occured early in the quarter when ASPs were higher. Don't laugh. MU is very good at that sort of accounting sleight of hand. Then, they can pull some inventory tricks, some royalty payment flim-flam, some capital spending holdbacks, some capitalization of expenses, and many other tricks. But no way they make it on a real operating basis. And, without some sort of inventory holdback in Asia, and it is hard to believe that the Asians can still afford to pull another expensive DRAM scam, especially if MU doesn't join the game, this will be the best quarter for a long time. MB |
