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To: Trey McAtee who wrote (34851)	6/12/1998 3:46:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 53903

Looks like 21 is now Resistence for MU

To: Trey McAtee who wrote (34851)	6/12/1998 7:09:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 53903

trey, the reason mu hasn't turned by now is b/c the inventory hold back made the future much worse than it otherwise would've been. of course, the numb-bulls thought this was good news and bid this bowser up to $60. then $40. now we are $21. and dropping like a heavy rock! HO HO HO HO! ;-) no end is in sight as pc growth is slowing but dram production isn't. >>lets be realistic for a second...what is the actual likelihood of MU going broke during this downturn. how good is the chance that they will break, say...below 12.5?<< look how much cash mu has available to spend and lose and then look how long it will take to lose it... i'm not talking about current assets minus current liabilities. assume the liabilities never get paid as i expect mu to default within 6 months on some of their obligations. they can't afford to lose the cash. btw, mu, net net, lost money on the 16 mb cycle. a lot of money. 64 mb has started out much, much worse and mu's financial condition is much, much worse. mu is getting worse over the long term, not better. mu s/b $12.50 by now. the numb-bulls have shown their complete inability to properly value this bowser. we'll get there when that kid at fido decides that this stock is the pos that it is. actually, the money manager that did all the purchasing of mu (since removed - not a moment too soon ;-) needs to be canned (if he wasn;t already). i hope fido carries mu all the way to insolvency ;-) thanks for the billions in donations, boys ;-) my giess, however, is they dump mu when it serves their own purposes, ie, they know they won't recieve any bonuses so why not "clean" the slate of prior "indescretions." ;-) you know, the important stuff for their "clients."