Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Kathleen capps who wrote (31183)	3/25/1998 1:53:00 AM
From: Skeeter Bug	Respond to of 53903

>>Usually when they are going to release bad news, they try to hide it amongst a flurry of bs press releases. So to me this is an indicator of bad news coming.<< kathleen, you are sooooo cynical ;-)

To: Kathleen capps who wrote (31183)	3/25/1998 1:55:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>Micron Internet Services, a division of Micron Technology, Inc. and the largest direct Internet provider in Idaho<< now there is a claim to fame. ought to be worth another billion in market cap ;-)

To: Kathleen capps who wrote (31183)	3/25/1998 9:11:00 AM
From: mike iles	Read Replies (2) \| Respond to of 53903

Thanks Kathleen, no I don't track the line of credit criteria, not because I don't think it's important (the way MU is hemmorhaging cash these days it's more important than ever) but because it would hurt my brain too much to read that document. Good luck. BTW, noted public servant DJ highlighted some numbers in the Mitsubishi article he just posted. I guess he thinks they're bullish but if you look at them they pretty much describe MU's current sitation ... Mitsu sees memory sales this year of 150 billion yen, down 33% from 175 billion yen for the year just ending. MU's memory sales for the 12 months ended Feb. were $1.7 billion (roughly 220 billion yen ... so MU's about 50% bigger than Mitsubishi) and if you take the latest quarter and annualize it (yeah I know Skeeter this is definitely being too kind to MU, current prices are well below $3.30) you get $1.1 billion. Down about 35% from last year. So you could make the same forecast for MU that Mitsubishi is making. Not sure why DJ believes this to be bullish. 'Course he also believes that Hitachi is going to stop making DRAM in Japan. Hey, I got a bridge he might want to buy! regards, Mike