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Technology Stocks : Micron Only Forum

MU 237.94

-0.2%

Nov 7 9:30 AM EST

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To: Thomas G. Busillo who wrote (42280)	1/15/1999 11:17:00 PM
From: Dave Gahm	Read Replies (1) of 53903

Tom, Very interesting, the omission of the word "megabit" is clearly a departure from the unambiguous language they use when the news is good. I think you are correct that this is the first decline in at least 8 quarters. It is even more noteworthy because this quarter included 2 months of production from the former TXN fabs. Considering that TXN's DRAM megabit output prior to the close of the deal was close to MUs it indicates those "backend" problems at Boise were severe. If they are struggling to work the kinks out of .21 technology at Boise, what does this say about their ability to deploy their technology at the acquired facilities? Perhaps the analysts failed to pick up on the megabit decrease because MU failed to disclose this important fact prior to the 10Q. Carl R. listened to the conference call and had this to say: 7. Analysts were surprised (as was I) by the fact that even with TI there was only a 10% sequential bit increase. exchange2000.com Either MU made an honest error, but again why did they use "output" instead of "megabits".... or they purposely fibbed. In either case, where is the analyst response? If all these estimates and price targets were based on erroneous data, it would seem to require a reappraisal and a public acknowledgement. Which leaves me wondering if none of them care about honest analysis, but are only concerned about the stock price...and we know that can't be,<g> or perhaps they don't bother to read 10Qs. I have also considered that the drop in production might have been the result of a conscious decision to control the price, but if so I think they would have said so. Regards, Dave

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