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Technology Stocks : Micron Only Forum

MU 246.84

+4.2%

Nov 14 9:30 AM EST

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To: Fabeyes who wrote (44055)	3/21/1999 2:24:00 AM
From: John Graybill	Read Replies (2) of 53903

Fabeyes, nobody has money-in-the-bank yet from that Rendition deal yet. On stock-swap takeovers, there's a restriction on the sale of the taking-over company (MU) for a year, and then the stock must be registered for sale. That would be up to Micron, and there's not a thing Rendition folks will be able to do about it if Micron feels like dragging their feet. In Rendition's case, the date in question was June 22, 1988, so figure late June at the absolute earliest for anybody there to be able to sell any MU stock at any price. Betcha a nickel that Appleton didn't mention to them at the time that they'd have to sit and watch two of the biggest companies in the semiconductor business sell 40 or 50 million shares in the meantime. Think they're "happy" about that?

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