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To: Mark Taylor who wrote (24562)	11/27/1997 2:34:00 AM
From: mu_basher	Respond to of 53903

Hey Mark There must be some mistake.. Haven't you heard MU doesn't test sh*t there. Must be some kind of conspiracy aginst those who are in the know. They told me this at the COMDEX show but the disbelievers came out in droves. Greg

To: Mark Taylor who wrote (24562)	11/27/1997 11:30:00 AM
From: mike iles	Respond to of 53903

Mark, Thanks a lot, interesting tidbits ... If they have $880M in the bank, that's down from $988M at the end of August. These guys are such BSers ... you sort of expect it from the CEO but the CFO should be more conservative ... yes they do have a pile of dough in the bank but what they neglect to mention is that they also have a pile of debt, $889 at the end of August (including the $500M convert), leaving them with net cash of $99M. MUEI's share of that is $145M, meaning MU Semi was really in the hole to the tune of $46M at the end of August ... sounds like it's more like $150M now. Which on its own isn't really alarming although the trend ain't healthy. What's really scary is that they haven't been spending much on plant and equipment for the last 5 quarters ... what happens when they do? And despite what they say, more BS, they don't have a choice. Not if they want to stay at the table for more hands of no-limit poker. Thanks Bill Stover ... we have an ASP for this quarter ... $4.50. My guess, based on Achilles data just prior to the recent update, was $4.62 ... (yes DavidG, Achilles works) ... according to my model and the pyramidic scrolls, they have to increase unit production by 13% this quarter in order to break even at $4.50 ... sounds like they probably increased by 15-20% because Lazlo is estimating .04 EPS ... wonder how much they're making at $3.00??? regards, Mike