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.

Technology Stocks : Micron Electronics (MUEI) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (3463)	9/28/1998 5:38:00 PM
From: Bipin Prasad	Respond to of 4074

Reduced inventory to 30,848 from 115,501. InSook

To: Greg Jung who wrote (3463)	9/28/1998 7:22:00 PM
From: David G. Pung	Read Replies (1) \| Respond to of 4074

<< Too bad they didn't make any money selling computers!>> I do not understand your comment. If you have watched MEUI for any length of time, you would say... "Finally, they are making money selling computers again". Look at the numbers.. ______________________________________________________________________ Net sales: PC systems $ 316,825 $ 390,498 $ 1,496,563 $ 1,528,304 SpecTek memory products 22,197 38,330 95,146 137,511 Contract manufacturing - 84,269 141,723 289,968 ---------- --------- ----------- ----------- Total 339,022 513,097 1,733,432 1,955,783 Gross margin: PC systems 69,356 63,726 183,155 259,473 SpecTek memory products 5,823 12,369 21,401 44,876 Contract manufacturing - 10,004 17,598 33,397 ---------- --------- ----------- ----------- Total 75,179 86,099 222,154 337,746 ______________________________________________________________________ The quarterly numbers are the important numbers. We all can acknowledge that MUEI was floundering until Joel stepped in. What I like is the gross margin of the PC business is higher this quarter than a year ago. Even though the revenue is less, ($316,825 vs $390,498) the gross margin is higher ($69,356 vs $63,726). This combined with the lowering the inventory numbers is positive. Joel has focused MUEI back to the direct model. In response to your questions about the decrease in assets from the previous year... assets went down with the sale of the Contract Manufacturing Group. MUEI has also closed most of their store fronts that they had. I read this as a positive quarterly/year end report that signifies the company's turn around and focus. Go MEUI!