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

To: cordob who wrote (52741)	7/4/2001 5:25:13 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

cordob, you haven't been following mu long. intel gave them $500 million within the last 2 years. $1.7 billion drops to $1.2 billion. getting cash donations from intel is NOT micron's primary business. btw, mu dilluted their stock in the transaction. take out micron's debt to equity conversion of the last 2 years and you have a company with NOTHING! ABSOLUTELY NADDA! and losing money as we speak - MUCH MORE than $200 million per year. oh, and the MANDATORY capex of about $1 billion / year to stay in the game. again, converting debt to equity is NOT micron's primary business. this company burns cash like bob marley burns hemp. micron is a very savvy and manipulative company. folks on the rmbs thread are calling for mu to go broke in 2 years. IF mu was to receive no inflow of cash except from the dram biz, this is close to true. however, micron management is very adept at monetizing shareholder ignorance and they will continue to do so as long as their investors chekc their hats for the crayons. expect micron to continue dilluting their shares to raise cash their main business can't in order to subsidize a sh*tty business. that has been the fact and i suspect it will only get worse as demand growth for computers gets rocked.

To: cordob who wrote (52741)	7/4/2001 5:27:17 PM
From: shrinks	Read Replies (2) \| Respond to of 53903

codob Compare there balance sheet to the last 2 quarters Q1 2.46 B$ Q2 2.05 B$ Q3 1.73 B$ So there cash has dropped 700 M$ in the last 6 months(roughly 100 M$/mo) As far as there loss this quarter, including the writedown there operating loss was 500 M$, so backing the writedown out it is still an operating loss of 240 M$. On the conference call they said that ASP's for the qtr were about $3.5, this quarter ASP's will be closer to $2 so if you do the math there loss this coming qtr will be closer to 600 M$. Regards,