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

To: eddie r gammon who wrote (35311)	6/18/1998 7:12:00 PM
From: Skeeter Bug	Respond to of 53903

that is on instanet. very unreliable. you'll know soon enough! :-) pssst, like you don't know where this bowser goes medium to longer term. ;-)

To: eddie r gammon who wrote (35311)	6/18/1998 7:40:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 53903

My BMI real time show 22 1/4 X 22 5/16. Close at 22 3/16. up 11/16

To: eddie r gammon who wrote (35311)	6/18/1998 7:43:00 PM
From: johnlea	Read Replies (1) \| Respond to of 53903

not sure if the deal described below is good for either company in the short term. ti is taking on a current money loser that could drag down their earnings. mu looks like it gets diluted 12 to 17 percent, takes on some debt, and gets to increase their operating costs. i guess this must be viewed by both companies as 'investements in the future'. ----------------------------- FROM REUTERS TI to become Micron's largest holder June 18, 1998 06:29 PM SAN FRANCISCO, June 18 (Reuters) - Texas Instruments Inc. will become the largest shareholder of Micron Technology Inc. with an initial 12 percent stake as a result of the estimated $800 million sale of TI's memory chip business to Micron. Micron will issue 28.9 million common shares to Texas Instruments as part of its deal, which is equivalent to about 12 percent of the Boise, Idaho-based memory chip maker. The companies said on a conference call that, including the convertible notes that will also be issued, TI's stake will rise to about 16-17 percent of Micron, once the notes are converted. The notes are convertible into 12 million shares. The companies said the $800 million purchase price was calculated based on the prices of the 28.9 million shares of Micron common stock at today's market value and the amount of debt that Micron will assume from TI's Italian subsidiary. The companies said the value of the convertible and subordinated notes that are also part of the deal were not involved in the final purchase price, because the notes are offset by $750 million in financing that TI will provide to enable Micron to move its technology into TI's memory plants. Micron also said it does not expect any increases in its research and development spending to result from the deal. REUTERS