SI
SI
discoversearch

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: Skeeter Bug who wrote (25713)12/18/1997 7:34:00 AM
From: Earlie  Read Replies (1) | Respond to of 53903
 
SB:
As noted earlier, a concern for an expected "fiddling" of the numbers caused me to refrain from messing with the stock on an earnings release basis. This stock is in a major downtrend in any event, so a few bumps along the road are not of concern. On a going forward basis, interest costs, a lack of cash to maintain leading edge production capability, strains from MUEI's last gasps, Asian currency advantages, few assets left that are saleable, Asian export urgency, lack of R and D expenditure, and plain old crummy results guarantee a "lost at sea with all hands missing" scenario. They just don't provide better shorting opportunuities than this. Rejoice as you add to your positions.
Best, Earlie



To: Skeeter Bug who wrote (25713)12/18/1997 7:40:00 AM
From: mike iles  Read Replies (1) | Respond to of 53903
 
Skeeter, pretty sure they said R&D would be $250M for the year or roughly the Q1 run-rate going forward.

regards, Mike



To: Skeeter Bug who wrote (25713)12/18/1997 10:45:00 AM
From: Trey McAtee  Read Replies (1) | Respond to of 53903
 
skeeter--

yeah, thats about it. they will be profitable on paper, but they are losing money on operations.

heard goldman increased rating today. what a joke.

good luck to all,
trey