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Technology Stocks : Micron Only Forum

MU 263.78

+4.5%

3:59 PM EST

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To: TREND1 who wrote (35272)	6/18/1998 10:12:00 PM
From: TREND1	Read Replies (2) of 53903

My summary of the 113 minute conference call (1) Micron is in a war with all other dram companies in the world. (2) Like in any war there is going to be winners and a losers. (3) Per CC (conference call) MU is in 200 million burn rate per quarter. (4) MU is in default on $500 million bank credit, but banks have waved default. (5) MU's major weapon in this war is "lowest cost producer". (6) MU was given $700 million cash from TXN payable at close (SEP 30, 1998) to upgrade fabs. (7) As with all down dram cycles, this one will end. (8) Skeeter and bears feel MU will run out of money before the war ends and therefore will be a loser. Skeeter may be right (9) But the MU bulls may also be right and MU may survive long enough to become a winner. DJ may be right (10) Finally, anyone who has money invested in MU is totally stupid, if they do not spend the small amount of money and listen to the call. (11) The number is 1-402-220-0101 Larry Dudash

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