Tom - Gotta another one. How will a 28 yr old kid affect MU?
In today's WSJ, pg B10, says that Fidelity on Friday removed
Andrew Kaplan from Fidelity's Select Electronic's Fund ( 3.1
billion in assets). He was replaced by Matthew Grech, 28, who
had been a stock analyst covering semiconductor equipment and
electronics.
Mr. Grech inherits a fund loaded with computer chip makers,
such as Micron Technology, Inc. and Intel Corp., which have been
hammered by declining chip prices. Expectations of further price
drops mean the worst may not be over sor Select Electronics.
As of March 31, Micron and Intel were Select Electronics
largest and fourth-largest holdings respectively.
OK....MU junkies, what impact will this 28 yr old have on MU
over the coming month? Reduce their largest holding, or have
they already reduced it?
The article just makes me feel old, with a kid half my age in
charge of over 3 billion in assets.
Patrick |
