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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (125578)	9/25/2001 5:21:20 PM
From: jzjns	Read Replies (3) \| Respond to of 436258

BOISE, Idaho, Sep 25, 2001 (BUSINESS WIRE) -- Micron Technology, Inc. (NYSE:MU), today announced a net loss for the fourth quarter of fiscal 2001 of $576 million, or $0.96 per diluted share, on $480 million of net sales. For the fiscal year ended August 30, 2001, the Company had a net loss from continuing operations of $521 million, or $0.88 per diluted share, on $3,936 million of net sales. For fiscal year 2000, the Company had net income from continuing operations of $1,548 million, or $2.63 per diluted share, on net sales of $6,362 million. In the fourth quarter of fiscal 2001, the Company recorded an aggregate charge of $191 million ($118 million, or $0.20 per diluted share, net of taxes) for the write-down of its equity investment in Interland, Inc. (formerly Micron Electronics, Inc.), and subsequent contribution of its Interland shares to the Micron Technology Foundation. In addition, the loss for the fourth quarter includes the effect of a write-down of work in process and finished goods inventories of $466 million ($289 million, or $0.48 per diluted share, net of taxes) to reduce the carrying value of inventories to their lower of cost or market value.

To: SouthFloridaGuy who wrote (125578)	9/25/2001 7:41:49 PM
From: Mike M2	Respond to of 436258

NYCB, the Fed and PPT want to continue the wealth redistribution ( financial rape) of America until Wall St and corporate insiders have every last dollar from the public. Mike

To: SouthFloridaGuy who wrote (125578)	9/26/2001 3:20:54 PM
From: pater tenebrarum	Respond to of 436258

i fully agree. the best example of a manipulated market ultimately coming to grief is Japan's stock market (in which the government intervenes officially on occasion). as you say, by averting a true panic sell-off, the death spiral is dragged out into an interminable torture for the B&H crowd. the same btw. holds true for the planned interventionist agenda of the administration...the new commitment to printing gobs of money and supplementing this artificial stimulus with fiscal measures (read: deficit spending) will only have the effect to unnecessarily lengthen and deepen the depression, as the necessary liquidation of malinvestments is delayed.