Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (41257)	6/21/2000 6:15:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 42523

Message 13921851 best news i've seen all day for the bear case -ng-

To: pater tenebrarum who wrote (41257)	6/21/2000 6:51:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 42523

Jonathan Joseph at SSB did the same calculations and came to the same conclusions I did on INTC unloading MU: However, the improved outlook for the second half of the year hasn't stopped two major Micron shareholders from cashing in. Texas Instruments, which sold its memory chip unit to Micron in 1998, has been selling, as has Intel, which yesterday reported that it would have $1.6 billion in higher-than-expected income from stock sales, predominately that of Micron. Joseph estimated that Intel may have sold as much as 20 million of its 25 million shares. yahoo.cnet.com Now let's stop all that talk about how dumb the analysts are. -g- Intel took on about 10% of Micron, and TXN had about another 5%. Lots of the rest is locked up pretty tightly by the funds, who are more or less forced to buy it every time the indexes get ramped. I'd say the distribution is just about done there.