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To: combjelly who wrote (59828)	10/23/2001 6:46:04 PM
From: Paul Engel	Read Replies (1) \| Respond to of 275872

You guys ought to suggest this to Jerry (Dump Your Shares In August) Sanders: Micron CEO to forego salary until losses end By Jack Robertson, EBN Oct 23, 2001 (11:18 AM) URL: siliconstrategies.com Micron Technology chairman Steve Appleton told employees in an e-mail last week that he will forego his salary starting Oct. 28 for as long as the company continues to lose money. Details of the e-mail surfaced this week and were confirmed by a Micron spokesman. In addition Micron is cutting salaries as much as 10% for all employees earning more than $60,000 annually, and an additional 10% pay cut for key executives. Employees earning less than $60,000 a year will not be affected. In his e-mail Appleton said the salary reductions are being made to try to avoid any layoffs. He said the chip maker has no immediate plans for any layoffs of its worldwide workforce. In documents filed with the Securities and Exchange Commission, Micron listed Appleton's salary in its fiscal year ending Aug. 31, 2001 as $784,000 plus bonuses and stock options. In other cost-cutting measures, Micron said it plans to take extended holidays during the Christmas holidays, including some unpaid time off for employees. Non-essential business travel is further reduced.