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To: Sridhar Srinivasan who wrote (36619)	7/28/1998 5:57:00 PM
From: Skeeter Bug	Respond to of 53903

sridhar, everyone doesn't agree on future fundamentals - which is what matters - per larry ;-) that is what mattered way back when. the future sucked and mu bulls bet that it didn't. although mu is 50% off those highs, the medium term future looks horrible and mu bulls are betting it doesn't - again. barring bankruptcy, at some point mu will be a buy. not yet, imho. hey, you are still in the black! as for others knowing more, i don't believe in superstition. i. and many other bears, were diametrically opposed to their polyana 1998 views well before they changed their view well after reality smacked them upside the head. in order for them to know more last aug they must have 1. been right (NOT! - they couldn't be more wrong!) or the bears must have been wrong (we weren't - although, i must submit the quickness and magnitude of the price collapse was more than i expected - though a few bears even called this on the nose. so, your saying something does not make it true just like mu's stock price running to $60 didn't make the future bright for mu. the best approach is to develop a hypothesis and TEST IT. test is the key part as many hypothesis fall apart. your hypothesis that mu's run to $60 was an indication of a bright future (are you denying you aregued this now? ;-) did not pass the test. missed by $2 billion. good luck - you are still in the black even though mu is losing cash at an annual rate of $800,000,000 to $1 billion - with no real macroeconomic issues to make a billion dollar change losses to break even apparent. you gotta like that.