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To: ratan lal who wrote (24549)	11/26/1997 1:14:00 PM
From: Kathleen capps	Respond to of 53903

Ratan, I think this CNBC appearance was MU's version of an earnings warning. Kathleen

To: ratan lal who wrote (24549)	11/27/1997 11:32:00 AM
From: Thomas G. Busillo	Respond to of 53903

Ratan, inept decision-making by politicos is a truly global phenomenon <g> As far as whether his statements hinted at non-profitabilty now or later, to my ears, he was speaking about more of a later time frame (in effect saying "well, at this rate and if this continues...")... but obviously there's no way their gross and net margins aren't going to be shellacked. It's inconceivable that they have cut costs at a rate comparable w/ the rate of price decline over the Q. Whether that puts them in the red or black this Q, don't know. Good holidays, Tom