Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: davesd who wrote (25408)	12/15/1997 6:00:00 PM
From: Mike V.	Read Replies (1) \| Respond to of 53903

Payables have no impact on EPS.

To: davesd who wrote (25408)	12/15/1997 6:39:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

dave, what cash position ;-)

To: davesd who wrote (25408)	12/15/1997 7:38:00 PM
From: ratan lal	Read Replies (3) \| Respond to of 53903

Dave MU is in heap big trouble. 1. YOu can and should discount A/R. There is always a problem such as Credits not given for retuned merchandise, defective merchandise for which RMA not yet issued, lost merchandise, invoiced but not shipped, invoiced and sent to a warehouse just to get it out of inventory, invoiced to customers without purchase orders. Only insiders know what is actually done to spruce up the balance sheet and income statement. Its liek a pyramid scheme that eventually ends. 2. Inventory should be discounted due to defective and obsolete products in the warehouse as well as market price being down. A good accountant would carry inventory at 'lower of' cost or market. 3. Not much inventory reduction since last month. 4. Not much A/R reduction since last month. 5. Market price of inventory on hand keeps dropping. Those that placed their bets on Snake Eyes before tomorrow will hit the jackpot. I am not sure we will get a chance for any more bets. Expect a gap down. But then Mu may keep going down even after the gap down. With MU, as Larry says, Who knows?? ratan