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

To: DavidG who wrote (35307)	6/18/1998 6:45:00 PM
From: Keither22	Read Replies (1) \| Respond to of 53903

Thanks DavidG. A lot of bad news coming out with MU earnings, Iomega, Novellus, etc. I think (pray) this shorter will be all right tomorrow. I did hear Martha on CNBC mention the inventory write down but didn't catch if they did or didn't. Also said the two stocks were halted. On the Edge, they just said MU acquisition was "a big roll of the dice", kind of like my big short position! ==Keith

To: DavidG who wrote (35307)	6/18/1998 6:49:00 PM
From: johnlea	Read Replies (2) \| Respond to of 53903

1. NYSE ANNOUNCED THAT NO AFTER HOURS QUOTES WERE AVAILABLE FOR MU. THE 22 3/16 LISTED ON THIS CHAT AS AFTER HOURS IS NOTHING BUT THE CLOSING PRICE. 2. STANDARD AND POORS RELEASED ANOTHER STATEMENT ABOUT MU BEING ON CREDIT WATCH. 3. THE REAL-TIME QUOTE SYSTEM I HAVE SHOWS A BID OF 20 AND AND ASK OF 24. I DO NOT KNOW IF THESE NUMBERS ARE REAL OR NOT. I TEND TO DOUBT IT.

To: DavidG who wrote (35307)	6/18/1998 7:07:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

David, I don't get it. They're buying capacity on the cheap. Fine. Long-term they may need it. Short-term, they're buying the rights to mothball Richardson, (which one could call Lehi II) and they're buying the rights to an outdated wafer fab that if memory serves me correct is still using 6-inch wafers. The best parts of the deal are the JV's, in that they provide even more room for accounting obfuscation and the Singpore facility. I think it's great Appleton wants to "leverage" Micron's technology. If its costs less to re-fit existing TI facilities than do something with their white elephant - fine. However, they will have to pay for the luxury, which ties up their assets that could be used to grow other parts of the business. And I'm not speaking of wacky strategic shifts - just stuff they've already ennunciated but IMHO never executed on with any significance - flash, RFC, embedded-DRAM. I can only wonder what the local govt. officials out there in Lehi are thinking after the work they've done on infrastructure. Talk about a slap in the face. If I'm one of them, I get on the phone and say "pal, after jerking us around this long, you better damn well be thinking about selling that thing to someone." TI got a steal. Who knows what the thing will do tomorrow. Still think it'll close against the after-hours trading (in either direction), but there's some pretty heavy open interest in the Jun puts. Will definitely be typical MU post-earnings wackiness <g> Good trading, Tom

To: DavidG who wrote (35307)	6/18/1998 7:08:00 PM
From: Skeeter Bug	Respond to of 53903

>>I just heard on CNBC that the $.50 loss INCLUDED the writedown on inventory. I believe that is less then the $.46 estimate which didn't include a writedown. Therefore the loss on memory operations is a lot less than expected. Maybe the experts will explain tonight or tomorrow.<< i already explained this david. mu's loss from operations as a company was $0.67 ($142 million). this excludes both the write down and the tax benefit. all these losses were from the mu side b/c muei made money - kind of ;-) every other estimate for mu always included all the finagling. this should not be different. $0.50 is below estimates, but those estimates have always been really wrong ;-) guess those 23 year old analysts didn't pass 3rd grade math ;-) this txn deal may pop mu but not for long. it is cognitive dissodence to believe that it is good txn essentially pays mu to take their horrible business and that this is also good for mu. maybe much longer term. not now and not anytime soon. i think the downward assault that started at $60 10 months ago continues...