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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (46423)	6/18/1999 10:54:00 AM
From: phbolton	Read Replies (1) \| Respond to of 53903

Carl: don't forget the stupid MU tricks of the past (some still current) when evaluating their current moves: Lehi. Total net loss of about $1 billion (including interest etc, the "opportunity" cost). Still on the books as an asset but it's a $3+/share writeoff. Microstamp. Total net loss of $500 million or so. MUEI. MUEI is toast, a poorly performing asset. A money market account is a better investment. Total net loss is impossible to calculate due to the many transfers between MU and MUEI. May be sold as it's the only asset MU has to raise the cash they will need to stay afloat in the next fiscal year. Sale of MUEI may just cover the losses of the next couple of quarters or the writeoff of Lehi. Burst EDO. Bad idea, poorly executed. Estimated net total loss: $100-250 million.