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To: Proud_Infidel who wrote (42116)	1/10/1999 8:37:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 53903

Brian, This Intel investment is geared toward RDRAM production. Please notice my prior post. I think MU will reap significant profits from RDRAM production due to other DRAM manu's not ramping up RDRAM production quickly enough, this should enable MU to sell all capacity at a nice price point. I am trying to get thoughts on this issue from other MU shareholders. MileHigh PS- I used post on AMAT thread, it was a long year, but AMAT is screaming now! I imagine you are still long?

To: Proud_Infidel who wrote (42116)	1/10/1999 8:40:00 PM
From: Fred Fahmy	Read Replies (3) \| Respond to of 53903

Brian, <Craig Barrett & Co are extremely bright> I agree with the above, but you have to keep in mind that some of the biggest MU bears think they are "fools" and that Intel is "fluff". I also think that the earlier post regarding Rambus memory is very important. Conventional DRAM will soon be relatively low volume relegated to only the low end. R-DRAM will soon be the mainstream memory. That is why in assessing the memory industry the key question is what does capacity and capability to produce R-DRAM look like going forward? Disclaimer: I have no position in MU but continue to believe it is grossly overvalued. Doesn't mean that I don't think they have a chance of coming back to life with Intel's backing and the possibility of them becoming a leader in R-DRAM. It's just that I agree with the statement below which you quoted "don't you think MU at $64 has already discounted the best case scenario, and then some?" In fact, "and then some" is probably an understatement. FF

To: Proud_Infidel who wrote (42116)	1/10/1999 8:58:00 PM
From: Dave Gahm	Respond to of 53903

Brian, You wrote: But one must look seriously at the $500M investment INTC made in MU. If you had looked seriously at this investment you would know that in return for the money, MU agreed to very specific deliverables for the production of RDRAM. INTCs only interest in MU is insuring the success of RDRAM. This was a good deal for both, as MU was short enough on cash to be easily convinced to switch horses from SynchLink to Rambus, and INTC may even make money on the stock. Regards, Dave