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Technology Stocks : Micron Only Forum

MU 207.36

+3.0%

Nov 21 3:59 PM EST

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To: Megs who wrote (27261)	1/28/1998 12:25:00 PM
From: Jeff Leader	Read Replies (2) of 53903

Megs - Micron seems to disagree with you: From MU 10-Q dated 1/12/98: "The Company transitioned a substantial portion of its product lines to .30 micron (u) line width processing from .35(u) line width processing in 1997. The Company anticipates completion of the .30(u) transition in 1998 and anticipates that process technology will move to line widths of .25(u), .21(u) and .18(u) in the next several years as needed for the development of future generation semiconductor products." "As of November 27, 1997, the Company had entered into contracts extending into fiscal 2000 for approximately $573 million for equipment purchases and approximately $69 million for the construction of facilities. Should the Company elect to cancel its outstanding equipment purchase commitments, the Company could be subject to cancellation fees in excess of $135 million. Future capital expenditures will be used primarily to enhance manufacturing efficiencies and product and process technology at the Company's existing facilities."

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