SI
SI
discoversearch

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

To: phbolton who wrote (30555)3/17/1998 3:41:00 PM
From: IceShark  Respond to of 53903
 
PB, It seems kind of strange and I haven't looked at the 10qs, not that that would help much, but it would appear that they plan on declaring a "special" cash dividend for MUEI related to the sale (BTW what did they sell - the memory chip manufacturing/remanufacturing biz?) of MUEI's "contract manufacturing" sub. So, MU gets its pro-rata 64% after tax share of the gain and then gets taxed again on the related cash dividend received from MUEI (since MU no longer can exclude MUEI dividends from taxation under the 80% ownership exclusion, hence the double taxation reference). Kinda of an expensive way to raise cash if my guess is correct.

Regards, DWW



To: phbolton who wrote (30555)3/17/1998 3:53:00 PM
From: TREND1  Respond to of 53903
 
ph
This was discussed on the conference call.
Yes ! The gain was taxed twice !
Larry Dudash



To: phbolton who wrote (30555)3/17/1998 5:43:00 PM
From: Brian Fraser  Respond to of 53903
 
Seems to me that the next time Appleton is whining to Congress
about dumping, he had better start whining about double taxation
on his asset sales (his largest revenue-generator)


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News