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Technology Stocks : Micron Only Forum
MU 241.14-6.7%Dec 12 9:30 AM EST
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To: TREND1 who wrote (30546)3/17/1998 3:23:00 PM
From: phbolton  Read Replies (3) of 53903
 
email reply from Bedard:
From: Kipp A Bedard <kbedard@micron.com>
Reply-To: kbedard@micron.com
Organization: Micron Technology, Inc.
MIME-Version: 1.0
To: philip bolton <pbolton@mail.wesleyan.edu>
Subject: Re: earnings report

philip bolton wrote:
>
> Dear Kip Bedard:
> I do not understand the origin of the 0.18 gain described in "were
> partially offset in the second quarter of fiscal 1998 by an $0.18 per
> share-diluted (after tax and minority interests) gain on the sale of
> 90% of the Company's contract manufacturing subsidiary". The numbers
> indicate a once time gain from the sale of $157.1 which is 0.747/share
> as near as I can tell. I would appreciate an explanation of this
> apparent discrepancy.
> Thanks
> Philip Bolton

First we only own 64% of MEI and then we have an issue with double
taxation on the sale....hope this helps.

Kipp

** if anyone knows what his reply means please post it **
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