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To: Carl R. who wrote (45450)4/29/1999 10:46:00 AM
From: phbolton  Read Replies (1) | Respond to of 53903
 
Curious thought: MUEI's valuation has fallen so much that if MU sold MUEI and wrote off Lehi the net dollars would be about zero. The net net would be a write off in the hundreds of millions.

MU has a number of poorly performing assets (MUEI, Lehi, TI fabs, microstamp stockpile....). They can't close the TI fabs but they could ditch MUEI and Lehi to raise a few bucks and clean up the books and "focus on their central core business".


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