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Technology Stocks : Micron Only Forum

MU 285.43

-2.5%

Dec 31 3:59 PM EST

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To: dumbmoney who wrote (33797)	5/21/1998 6:30:00 PM
From: Skeeter Bug	Read Replies (1) of 53903

dan, may have lowered his estimates to set the stage for congratulating mu on a great q beating estimates. what a dolt. he seems to be trying too hard. mu is supposed to spend over $1 billion on capexes this year? with what? they don't have the cash - EVEN AFTER THEIR BEST PERFORMANCE IN HISTORY AND $500 MILLION DEBT OFFERING. they don't have the cash. 2 qs of $0.50 losses and some capexes to stay only a little behind and mu's balance sheet will look AND smell like the crap it is. it is REALLY bad. amat is on mu watch list too. amat is going to be losing money pretty shortly, imho.

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