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

To: yard_man who wrote (41645)12/23/1998 7:45:00 PM
From: John Graybill  Read Replies (2) | Respond to of 53903
 
I just can't imagine the accounting principle that allows it. Let's run with it: now TXN and INTC own part of MU, thus they also own part of MUEI, do they *both* get to claim *all* of MU's sales, like MU does with MUEI? For that matter, do they get to claim all of MUEI's sales as well? Fidelity owns a lot of MU, and INTC, and TXN, and MUEI, do they get to claim MUEI sales six or seven times? And MU sales two or three times? Etc. Sorry for my repitition, I know this was baffling me last quarter as well.



To: yard_man who wrote (41645)12/23/1998 9:35:00 PM
From: Kathleen capps  Respond to of 53903
 
It's legal according to GAAP. Another reason why MU won't sell any more of MUEI. They are at the limit to do a consolidated statement.

I don't have the exact figures available but I throughly researched it a couple of years ago when I first started looking at MU's numbers.

Kathleen.


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