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To: Carl R. who wrote (46564)6/23/1999 10:46:00 AM
From: Knighty Tin  Respond to of 53903
 
Carl, Actually, the ONLY reason MU has ever "made money" in DRAM is because American depreciation schedules are too long in the tooth for a co. whose plant is constantly obsolescing. Which is why they have never had any free cash flow, despite the nominal reported earnings from time to time. And why the debt has ballooned despite these supposed eps and the absence of dividends. Lousy business, memory.