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Technology Stocks : Micron Only Forum

MU 241.08

-6.7%

Dec 12 3:59 PM EST

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To: yard_man who wrote (35258)	6/18/1998 4:54:00 PM
From: Skeeter Bug	Read Replies (2) of 53903

here's the goods... go2net.newsalert.com this was disasterous. mu has $360 million to use for semi ops. they lost $142 million from ops (computer and semi - loss was all semi, too!) this past q. funny, they mention a $30 million writedown of inventory but not the $67 million income tax provision benefit. HO HO HO HO HO. i hope those toy boy wall sweet types see through that scam. wait until they sell that inventory and lock in further losses. cash down to $708 million. a $200 million drop in 3 months. total liabilities - $1.5 billion. true ops loss was $0.67 (sorry, master bater, not $0.69 ;-). that takes out the tax benefit and the inventory write down as we know that isn't real money ;-) but, hey, i give the best of all scenarios and it is still a disaster. so, that ton of cash will last 2 qs before it is zeroed out. with cash like that who needs a business to lose it! ;-) well, the txn deal muddies this up a little. not that much, though.

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