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To: Bill F. who wrote (42239)	5/24/1999 2:15:00 AM
From: tom rusnak	Read Replies (1) of 86076

Bill, If you havent followed this particular micron moment, this is how the MU discussion got to the number $87. from Microns 1997 $435,000,000 convertible: edgar-online.com comes this item: <<Notes will not be redeemable following July 2, 1999 and before July 3, 2001 unless the last reported sale price for the Company's Common Stock is at least 130% of the conversion price for at least 20 trading days within a period of 30 consecutive trading days ending within five trading days of the call for redemption. See "Description of Notes--Optional Redemption". The Notes are not entitled to any sinking fund. The Notes will mature on July 1, 2004.>> The conversion price is $67.44. 130% of 67.44 gets to $87. Any thoughts on whether or not MU will manage to weasel out of $70M of interest payments due by 1/1/00? love the Rap, tom

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