Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Fabeyes who wrote (37504)	8/15/1998 1:46:00 PM
From: Knighty Tin	Read Replies (2) of 53903

Fabeyes, Thus the need for selling the convertible to suckers during the current DRAM scam. I think your numbers, ex the convert issue, may be a bit too pessimistic. MU is more likely to eat just $100 million in cash this quarter, and they are better DRAM mfrs than TXN at the margin, so they might not lose as much money there. The problem as I see it is that they have no margin for error and this had better for sure be the turnaround in DRAM. They can't afford to bleed red for long and the herd may wise up some day and stop buying every piece of crap issue they send to Wall Street. And does anyone think Simplot's heirs will stick with this white elephant once he is gone? This quarter could represent their high spot for the next several, as the interest expense from the TI debt has not kicked in, yet they have been able to spend their current cash to improve yields knowing that the $750 million was on the way to rescue them. And they will still lose a ton of money on a profits basis and eat a lot of cash. We also have to remember that all of these "improvements" every chipmaker is making simply means more chips being produced. MB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next