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Technology Stocks : Micron Only Forum

MU 230.24

+2.5%

Nov 26 3:59 PM EST

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To: Peter Dierks who wrote (44763)	4/2/1999 10:18:00 AM
From: Skeeter Bug	Read Replies (2) of 53903

peter, is that the same low cost buggy whip mfr that was the low cost buggy whip mfr before the car was invented? or, rather, was the pre-auto buggy whip mfr 1. put out of business or 2. did their sales tank as autos didn't need a buggy whip. you didn't mention this fact and this is the point that demonstrates relevance. it is totally relevant and something the wise will at least consider. you are right, though, that this isn't mu's main problem yet. the main problem is that their cash flow is extraordinarily negative in the sense that they take on MORE and MORE debt as time goes on. eventually they must, 1. stop the debt growth (they've been unable to do this so far...), 2. pay the interest (this game gets fun now...) and 3. pay back the obligations. that is about as probable as the government eliminating their debt. too bad mu can't print money...

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