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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (6543)7/27/2000 5:14:12 PM
From: chic_hearne  Read Replies (1) of 436258
 
Re: i think judgment day for POS is at hand now that INTC has sold out...

huh? Where are you getting this from?

Last I saw, INTC sold 6% of MU in Q2. They still have well over a billion to go.

If I remember right, the original investment was for $500,000,000 at $30 per share pre-split.

But I believe you are right, Intel can't make its earnings off of the core business so they will be selling a lot of MU to make up for it the rest of the year. Only $.67 per share of unrealized gains left for Intel. Considering the SOX is tanking and MU refused to ramp DRDRAM, who would you sell first? I believe Q2's dump of MU was a warning to them by Intel. Now with MU coming out in full force of DDR, I wouldn't be surprised if INTC is dumping 10's of thousands of shares every single day....
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