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Technology Stocks : Micron Only Forum

MU 336.62

+1.0%

Jan 15 3:59 PM EST

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To: Skeeter Bug who wrote (33418)	5/15/1998 11:53:00 AM
From: Kerry Phineas	Read Replies (2) of 53903

Skeeter, I'm sure that if MU needs MUEI's current assets they'll figure out a way to borrow/take them. The party line for the company is that MUEI's assets are their own, but they are a sub. How much did MU pay in taxes this year? I'm going to go look at this issue. As of the last 10Q they owed 284 million in deferred income taxes- I'm assuming payable as of 4/15/98. They had 561 million in cash and 373 million in liquid investments. Assuming their operating loss is similar to what it was last quarter (ie c. 200 million) that eats through almost all their cash unless/until they sell off another sub.

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