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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (11753)10/18/2004 8:14:18 AM
From: Proud_Infidel  Respond to of 25522
 
Got me Bob.

The shares they are offering to buy is not a heckuva alot to make a tender offer of any kind, mini or otherwise.

Seems they only want to make the purchase if they can do so at a discount.



To: FJB who wrote (11753)10/18/2004 8:48:11 AM
From: Proud_Infidel  Respond to of 25522
 
Micron plans to build Chinese plant in 2005, says report
By Peter Clarke
Silicon Strategies
10/18/2004, 7:50 AM ET

SHANGHAI, China — Micron Technology Inc., the leading U.S. based memory maker, is planning to build a test and assembly facility in China, according to an Associated Press report Monday (Oct. 18), which cited a company executive in Shanghai as its source.

Micron plans to spend "likely more" than US$100 million (about 80 million euro) over the next three to five years, the report said.

"If negotiations are smooth, we can start construction by the middle of next year," the report quoted Charles Xu, Shanghai-based corporate affairs and communications manager for Micron, as saying.

The plant would be the first Chinese manufacturing facility for Boise, Idaho, based Micron.

Micron discussed plans to increase capital spending in 2005 when it announced on September 29 a net income of $94 million on sales of $1.189 billion for its fourth fiscal quarter. Despite the profit Micron missed Wall Street's expectations for the quarter.