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

To: yard_man who wrote (35853)	6/29/1998 3:44:00 PM
From: DJBEINO	Read Replies (2) \| Respond to of 53903

"All of the 7,600,000 shares of Common Stock (the "Shares") of Micron Technology, Inc. ("Micron" or the "Company") offered hereby are being offered for sale from time to time by one of the Company's stockholders (the "Selling Stockholder"). See "Selling Stockholder." The Company has been advised that the Selling Stockholder expects to deliver the shares to close out short positions entered into in the course of hedging transactions. See "Plan of Distribution." The Company will not receive any of the proceeds from the sales of shares by the Selling Stockholder." from the S-3

To: yard_man who wrote (35853)	6/29/1998 4:38:00 PM
From: IceShark	Read Replies (1) \| Respond to of 53903

Tip and DJB, This is the wind up of some really old events when Spudman got his tit in a wringer regarding some margined stock positions. I think it was Boise Cascade, among other positions like MU, that got him in trouble. Remember when MU hit 17 bucks or so? Well that is when the originating transaction occurred. I never did see all the details on what he and the bank did, so maybe someone else can provide details. But saying What's taken potato head so long to wise up? is uninformed or ________ ; fill in the blank. -vbg- Regards, DWW