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Technology Stocks : Micron Only Forum

MU 248.54

+10.1%

Dec 18 3:59 PM EST

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To: Trey McAtee who wrote (25710)	12/18/1997 6:14:00 AM
From: Skeeter Bug	Read Replies (3) of 53903

trey, what is the significance, if any, of these facts: net decrease in cash and equivalents = ($277.1) m. total asset q to q increase = $51.4 m is that saying that mu mysteriously LOST $220 m somewhere? btw, the inventory figure is a joke as it is being valued at about 30-50% above fair value. cash and liquid investments went DOWN $60 m. receivables went DOWN $22 m inventories were up $27 m. NOT! ;-) from the conference call (from last report): SG&A to run 130-140M per qt. this year ($129.1 mil) R&D to run 150M for whole year. ($64.9 mil. that leaves $30 mil per q. no investment needed to improve the future now, i guess. no more hot microstamp products going forward ;-) Avg. OEM configuration now over 32MB. (so what, you can't make money anyway ;-) Depreciation and Amortization to run around $615M for full year coming. (last q was $136 mil. expect $160 mil avg for the next 3 qs. THIS IS WHERE MU SQUEEZED OUT A PROFIT. THEY MOVED SOME $15 MIL DEPRECIATION OUT INTO THE FUTURE.) basically, r&d savings and increased d&a balance each other out going forward.

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