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Technology Stocks : Micron Only Forum

MU 344.97

+5.5%

Jan 9 9:30 AM EST

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To: mike iles who wrote (34068)	5/31/1998 2:28:00 AM
From: Skeeter Bug	Read Replies (1) of 53903

mike, is the lehi achilles heal reflected on mu's balance sheet? they spent a billion, right? it never showed up as an expense, correct? no depreciation, no nothing. for years ;-) however, did they also fail to make adjustments to their cash flow? or were they forced to reflect the actual cash that they spent to build that disaster? if it isn't reflected on the balance sheet YET (b/c it WILL) then mu is teatering (sp??) on bankruptcy NOW! i assume it has been properly accounted for on the balance sheet. However, i trust mu like a slick used car salesman so i thought i'd better ask.

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