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

To: A. A. LaFountain III who wrote (44344)	3/25/1999 7:16:00 PM
From: Skeeter Bug	Respond to of 53903

tadster, sure, mu is cutting costs... they are also ramping output at an amazing rate. the boxmakers have tons of inventory... price wars abound... sub $600 computers are 20% of the market and growing (didn't exist last year)... can anybody say sub $400 boxes??? this is a disaster! i said a while back that the only thing between mu at $20, $80 and $20 would be about a dime in profits per q. btw, how negative was their cash flow last q? $100-200 million? spend 50 cents to make a 12 cents (in a "good" q ;-), repeat 'til broke - this ain't a good way to make gonja dough, imho... we have a nightmare on our hands. btw, i bet txn and intel are shorting, and have been since before $80, in order to lock in their profits. i expect the fall to continue with a few bumps in the road...