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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (62952)	6/22/1999 1:13:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Skeets, Ladies of the night are respectable and I respect them in the morning. <g> As Leonard Cohen calls them, "Sisters of Mercy." I think the problem with MU is the disconnect between the fantasy they have spun and reality. The fantasy: we are such a low cost producer that we are running the competition out of the business and soon there will be only a handful of producers who can set monopoly prices. Reality, so far, is that only one major competitor has left the business and that is TXN, which also happened to stick MU with its lousy fabs and a pocket full of difficult hoops to jump. MOT left the business, but Siemens not only took over their production, but added much more. Hyundai and Lucky Gold Star merged, but that doesn't mean less production. In fact, it means more. NEC and Mitsubishi are gearing up for huge production increases. And Samsung is getting absolutely huge. Meanwhile, Hitachi and Toshiba are gearing up for embedded DRAM, which is a competitive product. Taiwan is still adding capacity while saying they may get out some day. So, we have a market that believes MU's fable while the price of DRAM tells us the truth. The market did the same thing in 1995. Then it suddenly caught on. Big time.