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To: Skeeter Bug who wrote (37724)8/22/1998 8:44:00 AM
From: Fabeyes  Read Replies (1) | Respond to of 53903
 
---- >looks like today mu announced they would lose over $100 million in less than a month... maybe not, hard to tell. but we down before we go up significantly..

I heard they were losing about 2-3 million a day; numbers could be close. In less than a month we should know for sure.



To: Skeeter Bug who wrote (37724)8/22/1998 9:38:00 AM
From: TREND1  Read Replies (1) | Respond to of 53903
 
Skeeter
Did you buy those puts at MU=36 ?
Larry Dudash



To: Skeeter Bug who wrote (37724)8/22/1998 1:01:00 PM
From: phbolton  Read Replies (2) | Respond to of 53903
 
skeeter: where did they announce it? -100 mil/month sounds a bit high even to me, actually I would guess -200 or so for the quarter, for the semi biz, using MU accounting methods
larry: I did not quite hit the peak for the last batch of options but got both MUUF and MUVF at $1. Fearless prediction: looking for $25 this week, at which point I close em both out.