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

To: TREND1 who wrote (35499)	6/20/1998 10:21:00 AM
From: pat pasquale	Respond to of 53903

LD; i disagree with some of your posts, but respect you knowledge of the business.... this was a conversation on another thread between i and someone else.... what do you think of these FACTS, and can you still have faith in the MASTERS of BULLSH$T.... >.this stock will tank cause the money they get from TI is ONLY for fab. equip. upgrades<< That is the spin they put on it, but there are no strings on the money, MU can use it for anything they want. It just sounded better to say it was to upgrade the TI fabs than to say that MU was out of cash and this was the best way to raise money. >the truth is out on this pig, they were in default of bank requirements and told no one, the Moody downgrade not only hurts but raises the interest they have to pay cause they are becoming more of a risk<< It is fascinating that a reputable company like WDC announces exactly the same thing, a technical default on an unused line of credit, and the stock takes a huge hit, while MU only admits it when they are asked a direct question and suffers no consequence. Who said deceit and scheming doesn't pay off? Of course it will be mentioned again in the 10Q. >Look at the ASP that *** posted even if it goes up to 3.50 (last q ASP #) they lose .41 a share and 4.05 will give them a positive 04 earnings...(2 qs ago)<< Don't forget that they produced 45% more bits than the previous quarter for about the same cost, so if prices did go back up to $3.50 they would not lose near as much as they did in Q2. This is essentially the MU strategy in a nutshell....produce more chips from the same raw materials. Of course the drawback has been that those extra chips drive the price down and cancel out the benefit. ****** I'm really glad this pig can survive (9 months) cause this is a great stock to make plenty of money on, especially on the downside.. just my thoughts though..Have a great weekend... pp