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Technology Stocks : Micron Only Forum

MU 224.49

+0.3%

3:59 PM EST

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To: Kumar Nathan who wrote (25439)	12/15/1997 9:56:00 PM
From: Skeeter Bug	Read Replies (2) of 53903

>> If you listen to this conf. call with objectively, you can possibly infer positive outlook from this one. << kumar, don't be duped. did they tell you what dram was selling at? did they tell you they are short cash? did they tell you that mu has cut future expansion? did they explain what 35% sequential growths will do to pricing? this is another "dram continues to remain strong" bs line of crap, imho. everyone is getting hurt now. mu barely broke even with $4.80 asp. what will it be when it is $3 next q? where will they get the funds to cover the losses? what happens when they depreciate lehi? how will they cover their interest and principal of the recent offering? did they explain how it is good business to spend $5 a share on equipment for 16 mb dram to earn $1.07? don't be fooled.

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