zsteve, Simplot's retirement might have had a lot to do with today.
How is this possible if the BusinessWire PR publicly announcing his retirement is dated 4:01 p.m. today ?
Bedard also said J.R. Simplot, the potato magnate who was an initial investor in Micron in 1978 and is still influential in the management of the company, will retire from the board soon. Simplot, 90, owns 9 percent of Micron's shares outstanding, according to the most recent filings.
That's from the Bloomberg piece last night.
Although for some reason, Simplot's quote in the PR sounds really familiar. I don't know.
As far as the stuff from ABN Ambro, my question to Mr. Wu is the following:
"Sir, does your surprise over the fact that DRAM prices may by closing in on a theoretical threshhold due to the laws of microeconomics kicking in at the firm level for certain players with obvious industry-level implications reflect a prior belief that this round of price declines was expected to follow a more-or-less linear trend of 35% price declines every 6 weeks into infinity, in the process moving through various scenarios including one in which DRAM players would be giving away DRAM parts to OEM's, then later another in which they were paying OEM's to take parts off their hands, then another in which although it cost them X to make each part, they were paying OEM's X times 4 to take them?"
Good trading,
Tom |
