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Technology Stocks : Micron Only Forum

MU 435.79

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3:59 PM EST

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To: TREND1 who wrote (22668)	10/22/1997 6:37:00 PM
From: mike iles	Read Replies (1) of 53903

Larry, Why are they holding inventory? 2 possible answers ... they don't want to put more pressure on an already weak market or they think they can take advantage of a bounce in prices. I agree with you, these are ice cubes. Likely they will deal with this when they have a really bad quarter (i.e. this Q) and will take an inventory writedown. For some peculiar reason analysts will treat this as an extraordinary item. regards, Mike

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