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Technology Stocks : Micron Only Forum

MU 236.48

+2.7%

Nov 28 9:30 AM EST

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To: Carl R. who wrote (41100)	11/27/1998 8:48:00 PM
From: Fabeyes	Read Replies (2) of 53903

>>>As for the employee stock purchase program, I think that is their retirement program. In as much as they have always placed additional shares into this program, they no doubt have to increase the number of shares available for this program periodically. This is true to a point. Actually, there is a cap on the amount an average employee can put towards a stock purchase. Then is sold to them at the lowest price quoted during that quarter. The majority of the stock however is for engineers and upper management. Since there has not been a profit for several quarters, there have been no LARGE bonuses for management; I would say this will be the way to a short term bonus program. Most of the operators, or most of the people at Micron, put money into a 401K program. Remember Steve A will make about $5 million this year while operators will make about $9.00 per hour for an average; without much of a raise. Steve's has doubled in the last two years (since Lowrey left.) Be assured the stock options will not find their way into the average employee's hands.

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