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To: cordob who wrote (52756)	7/5/2001 7:56:49 PM
From: ild	Read Replies (1) \| Respond to of 53903

Cor, do you completely rule out a possibility that this DRAM glut is for good? AMD warning says that majority users don't need 2Ghz CPUs. All computers already have 128MB of DRAM. It used to be that businesses were buying the best PCs. Now they buy cheap only. Win XP is a myth. It won't immediately spur new upgrade cycle. Neither Win200 did. Yes. prices may firm on current level or go up to $2, but this doesn't justify $40 per 1 share of MU. PC manufacturers are not stupid. They must have locked themselves into current low prices already. You think that $40 is a good price for MU, right? What metrics do you use to evaluate MU stock price? Good luck, ild

To: cordob who wrote (52756)	7/6/2001 1:09:20 PM
From: Skeeter Bug	Respond to of 53903

>>I expect a sharp turnaround in the chip prices once inventory in the channel has to be rebuilt, but I have no idea when that will be<< in the meantime, watch mu's cash position drop about $300 million per q. watch the cash levels, not the other phony accounting rif raf used to hide stuff from the less savvy. btw, mu CAN'T wait until their cash goes to $0 to do something. my guess is within 6 months there will be another equity offering or convertible deal for $1 billion. further dilution (mu's REAL business!). if the market doesn't like the deal, mu could be in a SERIOUS pinch.