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To: mike iles who wrote (22734)	10/23/1997 10:05:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>one thing I don't understand about the bulls is that they think<< mike, no they don't.

To: mike iles who wrote (22734)	10/23/1997 5:33:00 PM
From: Trey McAtee	Read Replies (1) \| Respond to of 53903

mike- my thoughts exactly. you know, I even saw all the fab construction going on. its not like appleton woke up one morning to discover that the asians were building as fast as they could. appleton has bo business running this company or any other. he simply doesnt have what it takes. mike, heres what should have been done two years ago when all the construction proposals were floating around from the chinese and taiwanese. he should have foreseen this (we, the dimwitted masses did) and adopted a join them, not beat them attitude, and then started reducing the company's expsure to DRAM. he could have JVs going with TSMC and others, but he doesnt. instead he has barely enough cash to move to the next generation, merginal competiveness, and more competition than he knows what to do with. he could have had facilities all over the world at a cheap price, yet now all he has are the same facitlities he has always had. my god, you dont contract during a downturn, you expand!!!!!how else are you ever going to get ahead. buy cheap, sell high. it doesnt take much to see that it is a mistake to invest heavily when times are good. save the cash and buy things on the cheap. to the bulls, and david: you have to understand that what makes me most upset is that you guys admire this moron. he is the problem not me. remember that this is your company, and that you should be fighting management tooth and nail to get them to do what you want. the lax attitude that he 'must know what hes doing or he wouldnt be there' is irresponsible. obviously he doesnt know what hes doing, or the stock price wouldnt have gone from 60 to around 31 today. of course, in a couple of months, you will look fondly back at the time when MU was 31, especially if you continue to hold. good luck to all, trey