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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Thomas G. Busillo who wrote (27508)	4/19/1998 3:54:00 PM
From: Knighty Tin	Respond to of 132070

Tom, Usually, the companies register these shares years before they are issued. They keep them in the treasury and use them for "pay" at some future date and for purchase in employee "Thrift Plans." But my guess is MU will not take that long. They are cash poor and stock rich, so I think they will sucker people into taking stock for bonuses and maybe even salaries. Directors and officers usually get the lion's share. It is odd, because in the case of MU, it means more shares to share the losses, so it is almost counter-dilutive. <G> This co. will try every trick possible to survive and this one is not even that shabby. BTW, if the stock goes up and hell freezes over, the co. gets a tax writeoff for the gain from the option strike price. For example, if they give Applesauce options struck at $25 and the stock makes another run to $40, that is a $15 tax deduction for the co. Pretty nifty since they didn't pay for the shares and they sure didn't take a loss. MB