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To: Sridhar Srinivasan who wrote (23500)	11/4/1997 11:41:00 AM
From: davesd	Read Replies (3) \| Respond to of 53903

Sridhar...sorry about the negative toned postings....I have yet to find a bullish MU posting that does not get posted before before I find it....news is news....By the way...if you have not discovered the "NEXT" button...it allows you to skip messages from "Dave Dhillon".... The reason that I mentioned that MU will not be there is because they made some very bullish comments there last year. That's all....seems like you associated it with being negative. dave

To: Sridhar Srinivasan who wrote (23500)	11/4/1997 11:44:00 AM
From: James Berg	Read Replies (1) \| Respond to of 53903

It's not necessarily negative that MU is not presenting, although it is not a positive as Micron's stock price has increased during past conference presentations. --James

To: Sridhar Srinivasan who wrote (23500)	11/4/1997 8:46:00 PM
From: mike iles	Read Replies (2) \| Respond to of 53903

Sridhar, More positive news on ol' MU (g). BTW I think you're wrong (what else is new ... I mean that I would think it) in your comment about memory prices going down and hohum that ain't news. The reason that MU hit $90 is that memory prices didn't go down for something like 2 years. And the reason that it will shortly hit single digits is that they're now going down with a vengeance ... anyway on to the news. From the latest Infrastructure report: " The large memory players are quickly raising their production of 64 Mbit DRAMs and supplies will be abundant in the first quarter of next year. The 16 Mbit market is being flooded with supply [but demand is strong .. Kipp] and evidence we see suggests the frenzy will get more intense as we approach the end of the year." Johnson then goes on to detail the huge amount of memory capacity coming on line not in Taiwan but the U.S. ... a total of 6 fabs ... IBM/Toshiba jv in Virginia; White Oak, the Moto/Siemens jv also in Virginia; Samsung in Austin (the largest cleanroom in the U.S.); Hyundai in Oregon; TwinStar, the TI/Hitachi jv in Dallas; and NEC in Roseville, Cal. ... 12-15 months out as this capacity ramps up it will add 155,000 wafers per month. This new capacity is 2.3X MU's current runrate of 67,000 per month. Will also make it hard for MU to wrap itself in the flag and blow the dumping whistle in the future. While Infrastructure doesn't raise questions about MU's ability to survive (the report isn't about MU), the following comments provide a context: " Part of the reason the industry is moving so quickly to higher densities is because of the extended life we witnessed in the 4 Mbit DRAM. We anticipate that price-per-bit parity will be quickly achieved by the 64 Mbit DRAM sometime in the first 2 quarters of next year which will then usher in the production of the 256 Mbit device. In essence, the semiconductor industry is about to introduce 3 generations of memory devices in the same time as the life of the 4 Mbit part." If the world does unfold this way, there will be serious doubt about MU's ability to keep up with this investment ramp. While supply is the big thing, I think Kipp's infamous strong demand can also be questioned ... 2 things ... sub-$1000 PCs and flat Internet headcount for the last 4-5 months. 'MU ...... tanks... ' regards, Mike