SI
SI
discoversearch

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: Peter Dierks who wrote (44847)4/6/1999 12:27:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 53903
 
peter, while i defer to your accounting expertise, i think the simplest way to gauge mu's true cash flow is to see what happens to cash flow w/o the infusion of debt. mu is like houdini - it makes cash just disappear into thin air...

while this isn't true every quarter - it is most definitely true over the long run.

the us govt can make this work - they print money. mu doesn't. at some point, they will have to pay off the $1.7 billion they took in debt over the last 1-1.5 years...

this business sucks.



To: Peter Dierks who wrote (44847)4/6/1999 12:39:00 AM
From: Tim McCormick  Read Replies (1) | Respond to of 53903
 
Peter, this would all be relevant except that MU is not depreciating Lehi because they interpret it as not being used. Thus, they have been overstating their earnings if you believe it should be depreciated. They have also deferred payment on sub. debentures and have not been accreting the interest. They value inventory at cost instead of quarter end value, and this inventory grows ever larger. Mu's income statement is a work of fiction. Tim


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News