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

To: Earlie who wrote (35693)	6/24/1998 10:32:00 PM
From: DavidG	Read Replies (2) \| Respond to of 53903

Earlie, Tom Kurlak is known for his "U-turn" behavior WITHOUT any rational explanation. Now he accurately called this downturn in the semi industry but IMO even Kurlak didn't believe it would happen this fast and of course this severe. He is now backpeddling and suggesting to those with midterm views to start dabbling and low and behold the SOX and MU takes off. Now the SOXX is only 40-50 off the bottom and still well over 100 off the top so there is a way to go. Earlie, it is strictly money as to whether or not TK starts his PUMP and DUMP again. I am sure Merrill Lynch is getting anxious for the big play to get started since they are sitting with a ***tload of MU. In the past he had the ability to pump MU up to 60 so we'll see if he can do it again...I got my money on it.<g> As far as MU losing $208 million, I do not know where you got that from, they did have a reduction of cash for that amount...but that is not all a loss of earnings. As I understand the earnings release they lost $106 million for $.50 per share. Not the $1.00 you claimed. Now I do recall Skeeter somehow showing about $.67 per share but I believe that included an inventory writedown. My numbers were $.59 per share loss(with a low of -$.45) plus a $.17 inventory writedown, maybe you would want to recheck those numbers...and no fair going to Mike Iles for his numbers b/c we all know he doubles the loses and adds an additional fudge factor.<ggg> OBTW...sometimes when you are too earlie, you may find that you are somewhere wasting time... as opposed to leaving and then arriving at a later time.<vbg> Good luck DavidG