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Technology Stocks : Micron Only Forum

MU 312.15

-1.0%

Jan 5 3:59 PM EST

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To: Kerry Phineas who wrote (33642)	5/18/1998 1:53:00 PM
From: Bipin Prasad	of 53903

Kerry, Sorry to disagree with you regarding Mr. Simplot's forward sale. There're few things I don't trust in Mr.Simplot's/or Micron's practices. But forward sale is one of the best things he did as an aging businessman. It's commonly used among cash poor newer tech riches lately. I would do exactly the same for the estate in his age. Mr. Simplot can renew the contracts till he expires, so no tax on his gain. Of course, IRS wants the whole pie, Mr.Simplot's estate wants the same. Not too bad, if you ask me! Good business move from Mr.Simplot, but not sure if it was a wise move for his children. Do I want to give that much moolas to my kids? The answer is absolutely not. My kids have to earn their own fortune and I don't want to deprive of their chance to have fun. regards, BPP(Bipin's partner)

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