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

To: Chas who wrote (29951)	3/11/1998 1:18:00 PM
From: Richard Russell	Respond to of 53903

Today's Commentary: 03/11/98 Memory pricing remains stable thus far despite the 7%-12% tariff on certain manufacturers, this is another indication of the amount of product available via OEM excess domestically and overseas. Intel CPU pricing on P-2 product has begun to see a slight decline as the scheduled price drop from Intel approaches. Product effected at this point are P-2 233, 266 and 300 MHZ, the 333 MHZ has been unchanged at this point

To: Chas who wrote (29951)	3/11/1998 4:08:00 PM
From: Chas	Read Replies (3) \| Respond to of 53903

I went back to Montgomery's report on Micron and looked at the numbers again. The worry I have, since I am short, is the loss plus the one time gain, fully diluted does not look bad. My fear the market will shrug off the current qtr and look forward 9 months out. Heres my numbers I have from this report: Revenue = 902M Depr = 146.3 Cost of Sales = 584.3 Gross Profit= 171.4 R&D = 72.2 Sales,G&A = 137.6 Operating Exp = 209.7 Operating Inc = (38.3) Int. &other Inc.= 0 One-time Gain = 0 20M Pretax Inc = (38.3) (18.3) Prov. for Taxes = 0 Net Income = (38.3) (18.3) Minority int = 0 Net Inc to common= (38.3) (18.3) Earnings per Share fully diluted =($.18) ($.085) Shares O/S Fully Diluted = 215.9M --------------------------------------------- What is bothering me, with the one time gain included would make the net loss for the quarter only (.085). This looks much better than without the one time gain. The sale of some custom manuf related from the Micron Electronics Side of the company. So I dont think it would come off this earnings report. If someone could comment on how this would be handled, it could impact how the earnings report would be presented, and thus the stock could go up. Appreciate feedback chas