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

To: Fabeyes who wrote (46490)	6/21/1999 2:23:00 PM
From: Carl R.	Read Replies (2) \| Respond to of 53903

The debt is long term, and the cash is in hand. Who owns the stock is irrelevant (if the people who own the stock don't like it, they can either sell it, or buy more to take over the company). In addition MU has a strongly positive cash flow from operations, and advanced equipment and technology. The combination of the cash flow from operations (income plus depreciation) with the cash on hand is more than adequate to finance the equipment they will need for the next couple years, even assuming things don't get better. I'm not saying that it is impossible in a prolonged downturn for MU to bleed to death, just that it would take at least 3-4 years, and I don't think the downturn will last that long. Carl