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

To: Skeeter Bug who wrote (50961)	3/22/2000 6:33:00 PM
From: Shortcut	Read Replies (1) \| Respond to of 53903

Thread, Micron Tech files to sell $500 mln in debt, equity WASHINGTON, March 22 (Reuters) - Micron Technology Inc. (NYSE:MU - news), the world's No. 2 maker of computer memory chips, filed on Wednesday to sell from time to time up to $500 million in debt securities and common stock. Combined with $500 million in previously registered securities, the offering is worth $1 billion, according to the shelf registration filed with the Securities and Exchange Commission. The company said it would use the proceeds for general corporate purposes, including capital spending and for working capital needs. Shares in the Boise, Idaho-based company closed up 8-15/16 to 139-7/16 on the New York Stock Exchange. biz.yahoo.com ------------------------- "general corporate purposes, including capital spending and for working capital needs". I found the lack of clarity in this statement really funny... Anyhow, what's your take on this one?

To: Skeeter Bug who wrote (50961)	3/22/2000 8:27:00 PM
From: mu_basher	Read Replies (1) \| Respond to of 53903

Skeeter I could lie to you and say yes I am buying.... but truth be known, I replied to Larry a while back about getting out at 85!!!!! i got clobbered a while back when I went long at 80 calling for 100. I'm not stupid or naive enough to believe that it won't drop and I must admit that this run up has been incredible. I was hoping for further deterioration from yesterday but didn't get it. Anywhere in the low 100's and I would be a buyer - again. (right now INTC is occupying all my attention) FWIW - I would wait to see if a split is forthcoming. It appears that momentum, & the strong chip market may send this thing higher, split then buy. Thats how I will play it; EPS, debit structuring, interest rate increases and the myriad of other items don't seem to be having a negative impact on it. You know that part of my reason for the post is to rub a little salt in the wounds. You have know all along I have been bullish on MU and have done reasonably well doing it. But I would be hesitant at this level. Greg