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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (24599)	12/1/1997 1:31:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>I assume from the article I read it was net cost this quarter down from what i believe was almost 4 last quarter. What can be derived is a net gain of $2 this quarter vs $2.50 last quarter....Now I am not saying this is definitely the case but just throwing out for discussion.<< dave, what article? was it an editorial in mad magazine? ;-) appreciate the discussion (you know i like discussion ;-) but that is absurd. ridiculous. that means means all their costs were cut by 2/3s in three months. labor. silicon. advertising. mismanagement ;-) etc... mu has done a wonderful job cutting costs. they have benefitted greatly. however, their is a curve to cutting costs. mu is very near the END of that curve for 16 mb. it really showed last q b/c they didn't cut costs all that much (even considering tk's arguement that a pricing collapse wasn't important b/c mu was cutting costs ;-) to think they had $2 per part to quickly cut and waited until this q is stretching naive. however, i don't blame someone for putting that in print nor you for repeating it. mu "investors" have proven to be an extremely gulli-bull bunch. $4.00+ next year? ha. now the upper limit is $0.13 for the first q and the second q looks to be worse. anyway, may many people believe that mu's cost is $2.00 (btw, don't assume it is net b/c you can't assume anything from micron touts. they choose their words extremely carefully - you know, like, demand for dram continues to remain strong ;-) they get brownie points if they can hoodwink the gulli-bulls for $5 points to the upside by literally saying nothing of value. my estimate is still at $0.11 and i believe i'm high. i've always played mu safe to the upside, though. you guys all think i'm a perma-bear but i'm consistently reporting mu's earnings as better than reality. if i'm a bear and reality is consistently worse, you might want to rethink your bullish positions. jmntbho. btw, dave, i'll stop posting if you send me some airline tickets so i can go on vacation again. just don't make those valuejet tickets ;-)