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

To: yard_man who wrote (3643)	12/21/1998 7:53:00 PM
From: manny t	Read Replies (1) \| Respond to of 4074

Don't forget that new management is responsible only for the last two quarters.That is why comparison of this quarter to last quarter is more relevant.The sequential revenue growth of 19% and PC unit growth of 21% is not as high as Dell,but it is significant for a company that is first building name recognition in the U.S. PC market. The beautiful thing is,that MUEI also decreased PC inventories to 25.2 million dollars,or seven days of inventory (DSI) compared with 11 days in the fourth quarter.Based on current sales,this is an inventory turn of 46.8 turns per year,which is up from 33.4 turns in the fourth quarter of fiscal 1998.This allows the company to control the cost of goods purchased,because MUEI can reduce the sales price of their computers within 7 days(depletion of inventory)of any reduction in costs of raw material. Now with MUEI's chance of having a full quarter's use of the bigger sales force,the Micron University web site,(which will be a big money saver for big corporations)and increased advertising to to spread the MUEI name,the best is yet to come. MUEI now has the right management,led by Joel Kocher,to realize the full potential of this great technology company. Overall,I am very satisfied with the progress so far. Good luck, Manny T.