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Technology Stocks : Micron Only Forum
MU 242.31-6.2%2:32 PM EST

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To: Skeeter Bug who wrote (39389)9/30/1998 1:18:00 PM
From: Ed Beers  Read Replies (2) of 53903
 
Skeeter,

Assume that this quarter you made $0 profits, made no capital investments, and had $1B in depreciation.

You just made $1B in cash but have no profit since your fab is
worth $1B less. Remember that depreciation doesn't consume any
cash.

Of course, if you are in the semi business, you always capital
investments...

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