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Technology Stocks : Micron Electronics (MUEI)
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To: joshi who wrote (2639)12/15/1997 9:42:00 PM
From: joshi  Read Replies (2) of 4074
 
For thoes interested, the spin was positive. MUEI took a 20 mill writedown of inventories in the quarter. The also spent millions on advertising(didnt give a number) but did say that thoes expenses should be slightly above 4Q96 numbers. A significant improvement. They also sait that while the PC over inventory has been worked thru, there is still a overinventoy in the laptops. It will be worker thru in the 2Q98. Also good news. The netfrane costs increased by 1/3. this was cost of production. New computer plant will be up by end of 2Q98. Ad camp. went well and is providing increased brand recognition. So far this quarter, sales are "meeting" the officers "expectations". Biggest item "point" was the CSP "component Sales Price". Prices have been dropping. Unfortunatly, the company bought the components for the machines prior to the component price dropoff causing compnent writdowns(charge above). They are resolving this problem by getting suppliers to move closer to their plant allowing a lower inventory level but still allowing quik customer turnaround.

I think if this stock drops tom it will be a "GREAT" buying opportunity. I would not be supprised if it went up.
Good luck all
P.S. sorry for spelling, I cant type well
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