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.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (82262)	1/14/2019 4:51:18 PM
From: Donald Wennerstrom	2 Recommendations Recommended By Return to Sender Sr K Read Replies (1) \| Respond to of 95472

Micron exercises right to purchase Intel's (INTC) interest in the IM Flash Technologies joint venture for approx. $1.5 bln, as previously disclosed 4:33 PM ET 1/14/19 \| Briefing.com Micron anticipates that the pending acquisition will have no meaningful impact on overall non-GAAP financial results and foresees no changes to the company's fiscal 2019 capital expenditures or long-term capital expenditure target.The payment will end Intel's noncontrolling interest in IM Flash and eliminate IM Flash member debt on Micron's balance sheet, which was $1 bln as of November 29, 2018.Micron disclosed its intention to exercise the option on October 18, 2018.