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

To: Kathleen capps who wrote (30755)	3/19/1998 12:50:00 PM
From: Earlie	Respond to of 53903

Kathleen: I'll leave this to MB. He's got much more experience here. Best, Earlie

To: Kathleen capps who wrote (30755)	3/19/1998 1:22:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 53903

Kathleen, all other thing equal an S&P downgrade makes raising debt more costly due to the perception ( rightly so) of higher risk. In theory this should place some pressure on the stock price but not during a mania. The bulls don't let facts temper their enthusiasm for Micron. I am not sure at what debt rating even the slimiest banker would not try to float a debt issue-I'll let MB take a stab at that. Micron will need cash to keep up with the competition-where they will get this cash-i don't know Can they get it? I have my doubts. Mike