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To: Skeeter Bug who wrote (46627)6/23/1999 5:58:00 PM
From: Keither22  Read Replies (2) | Respond to of 53903
 
MU down -2 11/16 to 41 1/4 in after-hours trading.



To: Skeeter Bug who wrote (46627)6/23/1999 6:02:00 PM
From: PaperChase  Read Replies (1) | Respond to of 53903
 
OK Skeeter, it's obvious they had a sequential decline in memory products sales from the first to second quarter. But notice how well they contained losses during this decline. The bulls will hang their hat on this containment issue revealing excellent management. IMHO, if MU was truly as bad off as the bears have claimed, then it would not have survived this long. MU isn't even walking with a limp yet.



To: Skeeter Bug who wrote (46627)6/23/1999 6:20:00 PM
From: Earlie  Read Replies (2) | Respond to of 53903
 
SB:

Agree. The other alternative is another "one-time-only" writedown of inventory when it just gets too big to maintain under the warehouse roof.

My favourite targets as you know are those that are approaching Chapter 11. MU isn't there yet, but sure appears intent on moving the schedule up. (g)

Best, Earlie