To All, Micron's quarter was a mega-disaster, and the real disasters are yet to come. 1. Cash fell year to year and quarter to quarter. 2. Shareholder equity, though usually a phony number, is dropping. 3. Long term debt was flat, but that doesn't include the TXN purchase, which will more than double long term debt and interest expense. 4. Muei's sales continue to decline. If, as Michael Dell says, this is the greatest pc market ever, MUEI is not seeing it. 5. They missed the whisper number, so they are talking about analyst estimates. 6. Keep your eye on the Intel scam! Don't look at the numbers! <G> 7. Inventory in dollars was down. Up big time in units year to year. I thought they had more buyers than they could satisfy? <VBG>
All in all, a picture of a dying co.
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