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To: Thomas G. Busillo who wrote (31726)	4/3/1998 12:39:00 PM
From: DavidG	Read Replies (1) \| Respond to of 53903

Tom, Thanks for 10-Q. I found it interesting that MU's asp was only 26% less than last quarter. The "forever bears" were saying it should come in way below $3.00 and in reality in came in at $3.61. It looks like Smith's market watch and AICE is pretty accurate for estimating asps for MU not the low ball numbers of ACHILLES.<g> A lot there that I have to finish reading, but it did not sound to good for MU going forward. DavidG

To: Thomas G. Busillo who wrote (31726)	4/6/1998 2:19:00 AM
From: Skeeter Bug	Read Replies (3) \| Respond to of 53903

>>The Company currently estimates it will spend approximately $1 billion in fiscal 1998 for purchases of equipment and construction and improvement of buildings. As of February 26, 1998, the Company had entered into contracts extending into fiscal 2000 for approximately $536 million for equipment purchases and approximately $55 million for the construction of facilities.<< ho ho ho. i guess everyone else is irresponsible when it comes to increasing capacity but the company that bragged about being the biggest seller of dram in 1997 is an exception. ho ho ho. that's almost $5.00 a share out the door or $0.60 per share in cancellation fees. this is getting nasty :-) >>Although worldwide excess capacity exists, certain Asian competitors continue to add capacity for the production of semiconductor memory products. The amount of capacity to be placed into production and future yield improvements by the Company's competitors could dramatically increase worldwide supply of semiconductor memory and increase downward pressure on pricing. Further, the Company has no firm information with which to determine inventory levels of its competitors, or to determine the likelihood that substantial inventory liquidation may occur and cause further downward pressure on pricing.<< ho ho ho, we're spending a billion and we're righteous. the asians are spending a billion they're heathen. ho ho ho... ;-) >>If pricing for the Company's semiconductor products remains at current levels for an extended period of time or declines further, the Company may be required to make changes in its operations, including but not limited to, reduction of the amount or changes in timing of its capital expenditures, renegotiation of existing debt agreements, reduction of production and workforce levels, reduction of research and development, or changes in the products produced.<< they may not pay interest? ouch! >>If for any extended period of time average selling prices decline faster than the rate at which the Company is able to decrease per unit manufacturing costs, the Company may not be able to generate sufficient cash flows from operations to sustain operations.<< and... what happens next... ??? ;-)

To: Thomas G. Busillo who wrote (31726)	4/6/1998 2:36:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

tom and all, remember last q when mu said that the koreans "may" be out of inventory to dump on the market? now we get this... >>Further, the Company has no firm information with which to determine inventory levels of its competitors, or to determine the likelihood that substantial inventory liquidation may occur and cause further downward pressure on pricing.<< ok, ok, ok. the game for today is to try and guess what cavity mu management used to blow smoke out of when they made that absurd, but wholly self serving, statement last q. ;-)