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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (29131)	6/17/1998 12:07:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Michael, This latest rumor on Kurlak is interesting. Did you notice his June 2 write-up. "What Has Changed? We have increased our loss estimate for FQ3 from $0.56 a share to $0.73. Our sales estimate has been lowered from $655 million to $613 million. This level compares with sales a year ago of $965 million. This change in estimates for Q3 reflects the decline in estimated average prices since our last forecast for 16 Mb DRAMs from $2.75 to $2.30 and for 64 Mb DRAMs from $14 to $11.50. Currently 16 Mb are $2.00 and 64 Mb are $9.00 We estimate MU will lose $156 million in the quarter followed by another loss of $135 million in FQ4. Our full year loss estimate has been raised from $1.27, before a non-recurring gain of $0.18, to a loss of $1.74. We expect the shares are expected to remain weak." Joan