Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (29225)	9/28/1998 4:39:00 PM
From: hey now	Respond to of 94695

NAMPA, Idaho--(BUSINESS WIRE)--Sept. 28, 1998--Micron Electronics, Inc. MUEI , the third largest direct vendor of personal computers, today announced continuing quarter to quarter improvement in its business operations and financial results for its fourth fiscal quarter ended September 3, 1998. Net income for the fourth quarter of fiscal 1998 was $16.2 million, or $0.17 per diluted share, on net sales of $339.0 million compared to net income of $5.9 million or $0.06 per diluted share in the third quarter. These results compare to net income of $15.0 million, or $0.16 per diluted share, on net sales of $513.1 million in the fourth quarter of fiscal 1997, including $84.3 million of net sales of the Company's contract manufacturing operation, which was sold in the second quarter of fiscal 1998. The Company's adherence to its direct business strategy had a favorable impact on gross margins, operating expenses, cash conversion cycle and days sales of inventory.