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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: John Graybill who wrote (47217)	7/16/1999 6:52:00 PM
From: Zeev Hed	Respond to of 53903

John, yes, you call the transfer agent, he should have a daily count of outstanding shares, and you compare this to the last reported shares outstanding. Zeev

To: John Graybill who wrote (47217)	7/16/1999 7:10:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

John, nice to see they "essentially" fessed up to the JV gross margins way down in the "risks" section: The Company purchases assembled and tested components from the JVs at prices determined quarterly and which are based on the Company's average sales prices. Primarily as a result of the rate of decline in average selling prices, the Company essentially broke even on gross margins for JV products sold in the third quarter of 1999. Considering the increased presence of JV goods, in a rising price environment you can rest assured that the members of the analyst community who, despite being able to produce price targets, appear somewhat at a loss in comprehending some of the more basic operations of this company (sorry, but anyone who's out there with research claiming their overseas DRAM gross margins are 20% lacks sufficient understanding of this company's operations...then again, you don't really need that to set a price target do you), will be definitely be using that angle in their market pamphlets... ...once they figure out what the above even means <g> Good trading, Tom

To: John Graybill who wrote (47217)	7/23/1999 3:17:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

Looks like folks bought up the convertibles after the July 21-22 mini-toutfest (perhaps in anticipation of next week's tout-fest as well?). They're not buying them in anticipation of the return of their original capital, are they? (Are people really paying 110 for these things!? To (maybe) get 6.3% from Micron, when 30-year T-bills give you 6%?) Or does the bond-holder of record on 1/1/2000 get all two years of interest? Seems like they should. If MU coughs it up, that's two years worth of interest in less than six months. (And, ironically, exactly the opposite deal that the guy he bought the bond from has been resigned to ever since he read the fine print, har har.) And/or they're betting on a forced conversion at $87. --------------- Micron Technology leads convert market higher By ConvertBond.com, CBS MarketWatch Last Update: 6:30 PM ET Jul 22, 1999 NEW YORK (CBS.MW) -- Technology issues led the convertible bond market higher on Wednesday. Micron Technology (MU: news, msgs) led the ConvertBond.com 20 Index on the upside. The 7 percent convert maturing in 2004 closed at the 109 to 110 level with with a conversion premium of 41.1 percent. The convert features a "B" rating from Standard & Poor's and a "B2" rating from Moody's Investors Service. cbs.marketwatch.com That site looks like a nice resource. It's ten bucks a month, but it has a free section with a little "story of the day" feature that might catch MU action from time to time. I'm just going to add it to my "check every day!" list. convertbond.com