Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Carl R. who wrote (43921)	3/17/1999 11:11:00 AM
From: Earlie	Respond to of 53903

Carl: Thanks for the nice comments. One does have to bite the old tongue on occasion. (g) Best, Earlie

To: Carl R. who wrote (43921)	3/17/1999 11:28:00 AM
From: Zeev Hed	Respond to of 53903

Carl, forgetting for a moment the short term fluctuations in MU, to justify today a price of $50/share, I have to see visibility of MU having sales of some $12.5 billions sometime in the next five years, let us even assume generously that their current capacity could reach $6 billion/year (a good 100% or so above current last 12 months selling rate), where will they come up with the minimum of $2 billion or so required to double their existing capacity or quadruple their current production rate over the next five years? Surely not from earnings, and their Balance sheet is already heavily weighed down with all these convertible (and take your hat off to Appleton for get conversion rates in the $60 to %70 area <G>). Zeev Zeev