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Technology Stocks : Micron Only Forum

MU 201.37

-10.9%

3:59 PM EST

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To: John Graybill who wrote (45883)	5/19/1999 10:40:00 PM
From: tom rusnak	Read Replies (1) of 53903

<<Interest on the Notes is payable on January 1 and July 1 of each year, commencing January 1, 1998. The Company has the right to defer payment of interest on the Notes at any time or from time to time for a period not exceeding 4 consecutive semi-annual interest payment periods>> John, my read is that since the first payment should have been 1/1/98 and they can defer 4 that takes them to 1/1/00. Micron does have to worry about a millenium bug! you concur or am i interpretting incorrectly? tom

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