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To: JungleCat who wrote (40350)	10/26/1998 6:45:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>Yes, MU has lost a lot of money the past two quarters. But so have their competitors...in fact much more.<< the reason i fail to see as you do is b/c you base your house of cards on an assumption. prove to us that samsung lost more money on dram than mu even though it has been a much larger company. prove it. they were the company that chas (no bear, mind you) said was the one that claimed to be profitable at all times over the last year. nobody ever has. i don't invest on faith - blind faith - like you do. you see, i see. i see your assumption. you don't. you can't prove it yet you don't even think it is an assumption. time to wake up... >>But I don't think the existing DRAM mftrs will be that stupid to flood the market again. 'Once bitten twice shy'<< yeah, just like opec is manipulating the price into the ground... ;-) the history is that these scams always end b/c of... duh, competition. >>The big question is can MU hang in there?? I believe they can. << ask the wrong question and even the right answer is wrong. mu is not priced like a company that will "hang in there." it is priced like a company that is kicking butt. it is. its own ;-) even so, as i've recently stated, i don't feel altogether comfortable about next year. i knew what 1998 would be like. i'm not so sure about 99. mu trades with the overall market for awhile, imho. >>However, I believe the next stage of growth in the DRAM industry is going to be slower but more controlled UNLESS a new medium emerges that is HUNGRY for memory.<< on this, i think we agree. a controlled growth environment does not bode well when starting with nearly $1 billion in losses and requiring $1 billion++ in cash to stay even. jmho.