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Technology Stocks : Micron Only Forum

MU 362.76

+7.8%

3:59 PM EST

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To: Skeeter Bug who wrote (33062)	5/9/1998 1:00:00 PM
From: ratan lal	Read Replies (1) of 53903

Skeeter but, so will any eps when that time comes two or three years from now I dont think Crappleton cares. Nor will anyone else. Many things can happen in 2 to 3 years. And if you can postpone Bk or bad news that is inevitable, then I would do the same in Crappleton's place. You have to give him credit for that. The idea of reducing the the LPS (loss that is more or less predictable for the next 2-3 years) by increasing the # of shares and simultaneously increasing the Assetts (TXN purchase) is a stroke of genius. It improves the Balance Sheet compared to the previous year AND makes the Income statement look not as bad as the previous year on a per share basis. Now you and I understand the creative accounting and how they can use it, in a conspiracy with the MM and their major shareholders, to screw the general public. What we have to understand is that IT WORKS. SO we would be stupid, on a short term basis, to go against it. We would be better off if this turkey skyrockets and then we shoot it. OR we somehow make this accounting so public that they cannot fool anyone into buying this turkey. I doubt we have a large enough public forum to do so. ratan

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