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Technology Stocks : Micron Only Forum
MU 333.34-1.4%3:59 PM EST
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To: mike iles who wrote (34086)5/31/1998 1:52:00 PM
From: Kathleen capps  Read Replies (1) of 53903
 
Mike,

As you pointed out, quarterly statements are "unaudited".

Remember, as long as MU can make some kind of statement about revising previous estimates based on improved knowledge, they can in the final quarter revise their estimates of earlier quarter charges to reflect better knowledge they may suddenly aquire as 31 Aug approches. They just have to be able to make the statment with a sincere face (no worries there mate). In effect, what they do is at the end of the year adjust earlier quarterly financial reports.

Kathleen

P.S. I've still got my Jan 99 $15 puts I bought back in June 96. In retrospect, they were a really dumb purchase. They've been a long time underwater and I'd love to break even on them.
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