Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (35272)	6/18/1998 4:42:00 PM
From: yard_man	Respond to of 53903

speaking of companies that burn cash: biz.yahoo.com

To: TREND1 who wrote (35272)	6/18/1998 4:57:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

Skeeter you wrote <<no deals with txn of substance. txn isn't dumb>> Now skeeter....admit you were wrong ! of course larry. i was wrong. txn IS DUMB! ;-)

To: TREND1 who wrote (35272)	6/18/1998 10:12:00 PM
From: TREND1	Read Replies (2) \| Respond to of 53903

My summary of the 113 minute conference call (1) Micron is in a war with all other dram companies in the world. (2) Like in any war there is going to be winners and a losers. (3) Per CC (conference call) MU is in 200 million burn rate per quarter. (4) MU is in default on $500 million bank credit, but banks have waved default. (5) MU's major weapon in this war is "lowest cost producer". (6) MU was given $700 million cash from TXN payable at close (SEP 30, 1998) to upgrade fabs. (7) As with all down dram cycles, this one will end. (8) Skeeter and bears feel MU will run out of money before the war ends and therefore will be a loser. Skeeter may be right (9) But the MU bulls may also be right and MU may survive long enough to become a winner. DJ may be right (10) Finally, anyone who has money invested in MU is totally stupid, if they do not spend the small amount of money and listen to the call. (11) The number is 1-402-220-0101 Larry Dudash