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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: Orion who wrote (76359)7/30/2001 12:59:27 PM
From: GVTucker  Respond to of 93625
 
Intel started reporting sales of its MU stake back in May of 2000, when MU was above $50/share. Once the Intel stake dropped below 5% of MU they no longer were obligated to disclose sales, but it is a reasonable guess that Intel booked in excess of $1 billion of profit from MU stock.



To: Orion who wrote (76359)7/30/2001 7:28:47 PM
From: Skeeter Bug  Respond to of 93625
 
>>>>Skeeter you forget that our friends of MU gave 500 millions free in capital gain on its stock to Intel, to finance the ramp up of RDRAM<<<<

mu didn't give intel stock to finance the ramp of rdram. intel approached micron and gave them $500 million (intel gave other companies money, too!). micron gave them stock instead (trading stock for cash is mu's REAL business!).

mu couldn't give aa sh* about rmbs. they just took intel's dumb money to keep operational.

if you have an extra $500 million, mu will trade you stock for it, too!