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Technology Stocks : Semi Equipment Analysis

SOXX 283.58

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Nov 25 4:00 PM EST

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To: Return to Sender who wrote (82262)	1/14/2019 4:51:18 PM
From: Donald Wennerstrom	2 Recommendations Recommended By Return to Sender Sr K Read Replies (1) of 95471

Micron exercises right to purchase Intel's (INTC) interest in the IM Flash Technologies joint venture for approx. $1.5 bln, as previously disclosed 4:33 PM ET 1/14/19 \| Briefing.com Micron anticipates that the pending acquisition will have no meaningful impact on overall non-GAAP financial results and foresees no changes to the company's fiscal 2019 capital expenditures or long-term capital expenditure target.The payment will end Intel's noncontrolling interest in IM Flash and eliminate IM Flash member debt on Micron's balance sheet, which was $1 bln as of November 29, 2018.Micron disclosed its intention to exercise the option on October 18, 2018.

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