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

To: DJBEINO who wrote (35818)	6/27/1998 7:22:00 PM
From: Skeeter Bug	Respond to of 53903

pimp-o-meter alert! >>"We can spread our R&D, capital investment, and overhead costs over a much larger number of wafer starts, cutting our cost per chip dramatically," he said. In turn, that should make sales profitable even at today's rock-bottom prices, he stressed.<< >>Appleton refrained from predicting when Micron's business would turn profitable again, but he did say that if DRAM prices "remain the same as today, we can easily be profitable in the near future."<< so, applesauce says mu will be profitable in the "near future" if prices remain the same. folks, what does this mean? 1998? 1999? 2000? 2050? 3080? the fact is it is another pimp to get the lug nut for brains all excited. it is as meaningless, and well thought out (with their attorneys' guidance), as "demand for dram continues to remain strong" when prices collapsed and "we believe korea is nearly out of inventory" when said nonexistent inventory drove down prices another 50% or so. it will also have just as poor an outcome as u's other touts. but, what do i know. i've just been lucky and mu management has been unlucky. right? right? right? ;-)