Micron Electronics (MUEI) Message Board

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Technology Stocks : Micron Electronics (MUEI)

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To: Larry S. who wrote (2437)	11/22/1997 3:24:00 PM
From: Paul Viapiano	Read Replies (2) of 4074

Sure, Daltoso sits there on CNBC grinning like a deer-caught-in-headlights (I haven't seen a grin so bizarre since Steve Forbes ran for President...) and says everything is fine. When asked about the high inventory at the last Conf Call he replies that the build-up is necessary going into the high demand holiday season. This was a question that was nagging me before I invested in MUEI and felt it was answered by his comments. WRONG! This is exactly what got Apple into so much trouble when this started to happen not once but continuously quarter after quarter. This may very well be a one-time bump here but we should be diligent and vigilant. Is anyone going to be at the shareholders meeting? I agree that 30% year-over-year and 10% seq growth is very good, but if ASPs are trending down and advertising budgets eat into the sales, it will be rough sledding. However, this should serve as a wakeup call to management and they must make adjustments immediately. To me the inventory thing, especially in a build-to-order based company, is a no-brainer and there have been many examples for them to learn from. BTW, both CPQ and DELL are trading at approx the same price as they were after they announced stellar earnings reports several months ago. How can we expect MUEI to climb if these two giants (however far ahead of themselves they had gotten) sit here unmoving as well. Anyone see Wall St Week last night? CEO of CPQ was on...and there can be no better example of a man in control, with vision leading his company through the thicket of business in today's world. Great investors like Phil Fisher and Warren Buffet are exactly right when they talk about buying the management, investing in men who know what the hell they're doing. This ain't a dress rehearsal...especially when it's your money on the line. Paul

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