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To: John Graybill who wrote (30731)	3/18/1998 10:53:00 PM
From: phbolton	Read Replies (1) \| Respond to of 53903

John: There is still the bad news on the Lehi $700+ mil writeoff to come. This is still listed as an asset. And I still can not reconcile the numbers with either the press release or the conference call. The info is opaque even by MU standards.

To: John Graybill who wrote (30731)	3/19/1998 10:48:00 AM
From: Jim Patterson	Read Replies (1) \| Respond to of 53903

re: You never know if all the bad news is out... :-) Please tell me how it can get worse. S&P Debt down grade comming, That means higher intrest expence to pay. 16-64 MBit crossover happenning earlier, Not positive, This means the company is not going to have as long to recoup the expence of the 16 ramp. 64 Sdrams are great, but mem /PC has peaked. No normal person needs more than 32 MB. Win 98 is more mem effecient than 95. There is no mem intensive app comming. 64's are at price parity to 4 16's. As the supply of 64 ramp up, the price declines that the 16's caused will be magnified as there was still unfilled demand when the 16's showed up. I am rambling here, Yall already know this stuff. AaaaaRRRRggggggg This one drives me crazy. Hunday (sp) is delaying a new plant 3-6 months so they can make 3-4 generation 64 or may be just go straight to 256, this is in Q1 1999 to Q2-Q3 1999. MU to loose 1.00 this year. Agressive ests are $ 1.00 in 1999. This is after PC demand speeds back up. IMO, Not going to happen. The company is selling assets to pay the bills. The investment comunity expects all to be well in 1999, so buy the stock. Jim