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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: Knighty Tin who wrote (35529)	6/21/1998 11:52:00 AM
From: Zeev Hed	Read Replies (1) of 53903

Mike, if they are dead meat, then all they gave away was 20% of dead meat for $750 MM green stuff and some fancy real estate (I mean production facilities). I think you underestimate the importance of a marketing windows to Japan and Europe that this acquisition provides. You are right, there was no other place to get $750 MM to tidy them over, thus I still stand by my characterization of this move as a financial and strategic masterpiece. You may think that being in the DRAM business is a losing proposition for ever, and you might even be right, but if the only survival modality for MU is through the DRAM business, this move gives them some (not necessarily all) of the prerequisites to execute their plan. Zeev

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