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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (41100)	11/27/1998 8:48:00 PM
From: Fabeyes	Read Replies (2) \| Respond to of 53903

>>>As for the employee stock purchase program, I think that is their retirement program. In as much as they have always placed additional shares into this program, they no doubt have to increase the number of shares available for this program periodically. This is true to a point. Actually, there is a cap on the amount an average employee can put towards a stock purchase. Then is sold to them at the lowest price quoted during that quarter. The majority of the stock however is for engineers and upper management. Since there has not been a profit for several quarters, there have been no LARGE bonuses for management; I would say this will be the way to a short term bonus program. Most of the operators, or most of the people at Micron, put money into a 401K program. Remember Steve A will make about $5 million this year while operators will make about $9.00 per hour for an average; without much of a raise. Steve's has doubled in the last two years (since Lowrey left.) Be assured the stock options will not find their way into the average employee's hands.

To: Carl R. who wrote (41100)	11/27/1998 9:16:00 PM
From: Carl Held	Read Replies (1) \| Respond to of 53903

When you look at the numbers, it doesn't look good. This is the reason I am convinced that it is overpriced. With the price going from 23 to a 52 wk high of 48 in such a short period of time doesn't make sound and fundamental sense. By looking at the numbers on a annual basis, they are decreasing each year. It will take a few years to rebound. To think it has turned around overnight is a recipe for disaster. Example: Net change in cash (Annual): 8/28/97 $343,400 9/03/98 -$ 60,900 (negative) (note: Units in thousands of U.S. Dollars) Review the statement below: marketguide.com All the analyst want you to look far into the future. I want to see some real numbers due to the statement above, not projections (educated guess). Don't forget that the Koreans are increasing production and will flood the market (will hurt prices), plus if the dollar weakens against the yen, business slows down after xmas, Micron expenses to upgrade plants will increase......factors that tell me that it will take longer for Micron to rebound. This is reality.