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Technology Stocks : Micron Only Forum

MU 389.00

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3:59 PM EST

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To: Thomas G. Busillo who wrote (44045)	3/20/1999 10:43:00 PM
From: A. A. LaFountain III	Read Replies (2) of 53903

Tom: re $0.03/share charge in 2Q It's quite possible that the relevant assets were deemed impaired prior to the proposed transaction (perhaps as the negotiations progressed). As to speculation about the transaction being used to guide whisper numbers down, I would think that it could also be speculated that placing the charge in 2Q rather than waiting until the deal closes in 3Q could be an attempt to smooth earnings by assigning the charge to a period of stronger results than expected (please read that very carefully - note that I am not saying that this is the case, but that "one" could speculate). - Tad LaFountain

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