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To: ratan lal who wrote (31476)3/31/1998 12:12:00 PM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Ratan,

I have to disagree with you on that. It is more like saying that your mortgage of $200,000 is greater than the value of your $150,000 house. And sooner or later if you cannot afford to pay your mortgage, you will let your house go inot foreclosure.

Last time I looked MU capitalization was $6 billion vs less than $1billion in cash. Book Value maybe $3 billion.

Good luck Trading

DavidG

PS: currently short some at 29 1/4 and looking to short more at 29 5/8