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

To: Chas who wrote (51563)	7/5/2000 5:06:31 PM
From: Chas	Respond to of 53903

Wednesday, July 5, 2000 NEW YORK (Dow Jones)--Standard & Poor's said it placed its ratings for Micron Technology Inc. on CreditWatch with positive implications. S&P said the rating action "reflects Micron's good financial performance, as well as its successful integration of capacity acquired from Texas Instruments Inc. and the resulting diversification of its customer base. "The memory industry is expected to remain supply constrained over the intermediate term, which should contribute to relatively benign pricing and support continued good revenues and operating profitability," S&P said. RATINGS PLACED ON CREDITWATCH WITH POSITIVE IMPLICATIONS - Micron Technology Inc. Corporate credit rating BB- Shelf reg for sr unsecd/sub/pfd stk (prelim) BB-/B/B- Quote for referenced ticker symbols: MU © 2000 Dow Jones & Company, Inc. All Rights Reserved.