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To: Skeeter Bug who wrote (34951)6/15/1998 9:57:00 AM
From: DavidG  Read Replies (2) | Respond to of 53903
 
Skeeter,


david, glad to see my reasoning is tight as you have to distort the context of what i say. a said they will have little cash left and even gave an example

YOU said without thinking:

>>>
"sept's q is looking like even larger losses and then there will be very little free cash available. "

...AND...

"once the money is gone... who's going to lend a company money with billions in debt, lots interest payments, and no cash in the middle of a horrible worldwide dram glut?"
<<<<<

Both ridiculous statements and untrue. MU has to lose $4.50 this quarter and next and there is nothing forecasted to say things are that bad. I gave you the benifit of a $200 million loss (which I don't believe will occur) which will give MU the $700+ million cash. That is NOT little by any standard. Also MU's long term debt last quarter was stated at $741 million....NOT BILLIONS><VBG>

You are as accurate about MU's balance sheet as you were about arguing with the thread that Tokyo based Toshiba was a KOREAN company.

...You really should have paid more attention in Grade school and then maybe your posts will not sound so absurd and filled with nonsense. Also MU was down 1/3 in last six weeks and so was the SOXX and all while the yen was dropping. Take a finance course and then maybe you will know what is going on.