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

To: Knighty Tin who wrote (35434)	6/19/1998 1:49:00 PM
From: mike iles	Read Replies (3) \| Respond to of 53903

Mike, Agree that these guys are chewin' up cash at a pretty healthy rate and the TI deal will only make that worse, a lot worse ... but the $750M saves their bacon for this cycle. Despite that I still think the stock will tank to single digits over the next 6 months or so. Wall St. eventually gets tired of large losses. Depends if DRAM prices stay underwater. Where my thinking has changed is that Appleton would be a good horse to back if the price is right. On the one side you have slimy investor relations (the secret pre-release) but outweighing (?) that you have strong leadership and tenacity ... given what's happened in DRAM in the last couple of years, it's a credit to them that they're still alive. regards, Mike

To: Knighty Tin who wrote (35434)	6/19/1998 4:31:00 PM
From: Earlie	Read Replies (1) \| Respond to of 53903

MB: Good comments, especially with respect to MU's 64 Mbit production. As noted in earlier posts, when a large percentage of one's yield is deposited in the dumpster, the bottom line needs even more accounting massage. (g) I was stunned that the inventory was not written off this quarter, along with the big loss. You have to love a company that keeps darned near a whole quarter's worth of its products in the warehouse. No doubt there is even a broad selection of colours (g) Best Earlie