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Technology Stocks : Micron Only Forum

MU 224.51

-1.7%

1:57 PM EST

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To: DavidG who wrote (31474)	3/31/1998 11:50:00 AM
From: psujr	Read Replies (3) of 53903

<<I couldn't believe one of the earlier postings where they were knocking MU b/c its cash level is approximately equal to its debt. That is like saying my $200,000 mortagage puts me in serious financial trouble b/c I only have $200,000 in the bank and it is only a matter of time before the bank takes my $1,000,000 home.<vbg>>> No, it's like saying that your 200k mortgage puts you in serious trouble b/c you now have 200k in the bank, are losing 40k of that every three months, and have no other net positive income. If things continue, the bank would be very worried about your ability to repay your mortgage. Also, you would likely not be able to spend any of that money to build new income producing fab lines. JR

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