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Technology Stocks : Micron Electronics (MUEI)
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To: Larry S. who wrote (2635)12/15/1997 6:51:00 PM
From: joshi  Read Replies (2) of 4074
 
If u look at the numbers, the admin costs weht up 34 million!!!!! WOW!!! Talk about staffin up!!! What the hell did they do. The shortfall dosnt look like it was caused by component overstock, it was personell and advertising. I think it was an attempt to regain marketshare but when the laptop sales slowed, it killed the earnings. I didnt do calculations but if admin cost were what they were last year earnings would have been about 32 - 35 cents. Good company, bad execution. Good luck tom.
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