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

To: IceShark who wrote (78671)	3/27/2000 8:36:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Ice: Right on schedule too,..... (g) There is no question that they need at least a billion to clean up the problems at the TXN plants (their own estimate). Lehi isn't going to be cheap either. MU's all-up cost to produce is slightly underwater re spot price already, so the cash flow is going to be nasty unless the Dram market turns, which is "unlikely" to say the least. Will they actually spend serious dough on those plants knowing that the market is trending toward over-supply (see expansion activities at Hyundai and Samsung as outlined by Fabeyes)? I don't know. What I do know is that the company is going to have plenty of trouble generating positive cash flow for quite some time, so that extra cash may be needed just to survive. I agree,.... it looks like the interest may have been paid. As you noted, they may have just offset it in the accounting. Good call on your part. One good thing about all of this is that many blanks in the accounting situation may be filled in. Best, Earlie