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To: Patrick Hennessey who wrote (46241)	6/10/1999 10:39:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

pat, i think you are wrong. eps do matter. talk to me in three weeks. your note shows much emotion.

To: Patrick Hennessey who wrote (46241)	6/11/1999 7:47:00 AM
From: Keith A Walker	Read Replies (4) \| Respond to of 53903

I agree. Earnings DO NOT, repeat, DO NOT really matter here. In fact, the positive correlation to MU's stock price is: negative earnings and the stock goes higher, positive earnings and the stock goes lower. Take a lesson from John Malone, founder and chairman of TCI, his thesis was that earnings were a BAD thing since he would then have to pay Federal taxes. Instead, he borrowed to the MAX and paid out interest (read earnings) to his bondholders, which he was himself. In other words, since interest expense is tax DEDUCTIBLE, and profits are TAXED, he was better off with a huge amount of debt, hence the stock rose. Perception is all that matters and the perception is that there will not be enough DRAM, etc. to meet demand in the coming months, years. Shorts should probably cover right about now and enjoy the upward momentum for a while. When MU begins showing earnings, go short again. Just my opinion FWIW. By the way, if my memory serves me correctly, MU was not reporting positive earnings when the stock hit 90+. I will check on that point. Happy trading, Keith

To: Patrick Hennessey who wrote (46241)	6/11/1999 10:31:00 AM
From: Fabeyes	Respond to of 53903

Those words sounded in 985 to. And it did happen, but I am not sure the hearts are strong enough to se MU below $5.00 or even $2.00 a share.