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Technology Stocks : Micron Only Forum

MU 236.29

-0.1%

11:23 AM EST

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To: Thomas G. Busillo who wrote (24540)	11/26/1997 11:31:00 AM
From: Tim McCormick	Read Replies (1) of 53903

Thomas, I agree with your sentiment, but not your conclusion> "You've got a situation where a U.S. company and its management could have made every correct decision possible (for the sake of argument, let's assume they did) and the end result is that they end up getting crunched because most of the other players are totally clueless." MU could have decided to exit the DRAM biz at the last mkt. peak. Though drastic, that was the proper strategic decision for shareholders. The SEA producers enter the chip business with DRAM because it is the easiest to make. Or, low barrier to entry. There long-term strategy is to upgrade to proprietary business. This was no secret two years ago. So, you see the competition bringing on capacity based on non-economic factors and you still blow more than your cash flow to play with them in the next cycle. Sounds like cement-head thinking to me. Tim

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