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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (26888)	3/21/1998 8:10:00 PM
From: Kerry Phineas	Read Replies (1) \| Respond to of 132070

MB, from Fleckenstein: As I see it... I want to comment about the staggering size of Micron Technology's inventory. If you look at the level of its semiconductor inventory relative to semiconductor revenues, it's about $140 million. I've been told that it has about 40 million units of inventory, or 4-6 weeks worth of inventory, which is a record. To give you a different view, that amount of inventory in 16-megabyte DRAM chips would weigh 78 tons. Amazing as it may seem, by my calculations the roughly 240 million in revenues generated will result in losses of $100 to $120 million. It's staggering to comprehend paying six times revenues for a company with losses equal to 50% of revenues. Wow! Until Monday, that's the Rap!