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Technology Stocks : Micron Only Forum

MU 246.84

+4.1%

Nov 14 3:59 PM EST

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To: Skeeter Bug who wrote (50961)	3/22/2000 6:33:00 PM
From: Shortcut	Read Replies (1) of 53903

Thread, Micron Tech files to sell $500 mln in debt, equity WASHINGTON, March 22 (Reuters) - Micron Technology Inc. (NYSE:MU - news), the world's No. 2 maker of computer memory chips, filed on Wednesday to sell from time to time up to $500 million in debt securities and common stock. Combined with $500 million in previously registered securities, the offering is worth $1 billion, according to the shelf registration filed with the Securities and Exchange Commission. The company said it would use the proceeds for general corporate purposes, including capital spending and for working capital needs. Shares in the Boise, Idaho-based company closed up 8-15/16 to 139-7/16 on the New York Stock Exchange. biz.yahoo.com ------------------------- "general corporate purposes, including capital spending and for working capital needs". I found the lack of clarity in this statement really funny... Anyhow, what's your take on this one?

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