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

To: wily who wrote (39169)	9/27/1998 5:00:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 53903

Living only a few miles from Micron, I'll take a crack at an answer. J.R. Simplot is a super wealthy individual here in Boise that owns much of the area here. He started and still owns much of Micron as a financial backer in the shadows. He was the one that released a horde of bullish articles on DRAM etc a couple years ago not realizing he had hired an honest CEO to head Micron then. When the CEO issued a press release that all was not good in the DRAM market, Simplot fired him immediately for telling the truth. Idaho has a large Mormon population. Boise in particular is becoming Salt Lake City west <g> Micron will probably report great numbers but considering that most of the wives at my air base work there, all is not well at the plant. However, don't worry, Micron has never ceased to amaze us with the way they can do new math on their earnings releases. Since they had aquisitions this quarter, they will be able to hide all kinds of things so this should prove to be a stellar earnings release.

To: wily who wrote (39169)	9/27/1998 7:02:00 PM
From: Knighty Tin	Read Replies (4) \| Respond to of 53903

Wily, J.R. Simplot is the man who controls Micron Technology, Chairman of the Board and largest shareholder and general, all-around, dictator. He is the guy who fired Appleton and hired him back as CEO. Despite this flub-a-dub of a money burner, he is well-respected in the food industry, with potatoes and frozen cheeseburgers providing the cash to waste on DRAM. There isn't much more to say about the Mormon connection to MU. It is no secret that most of the top people are LDS members and it is no accident that, before reality caught up to the fantasy, they planned to expand in Utah, Lehi, Utah, to be exact. Intel also has serveral execs who are LDS members. This is not some Trilateral Commmission conspiracy or a "Jewish bankers" scare of the Nazis. It is simply a case of wealthy, powerful members of a demonination helping one another and diadvantaging others who are either of a different religion, or in the case of the Asian bashing, a different race. The same way devout Catholics will try to steer any football playing phenom they find to Notre Dame, Mormons want to support the companies their members control. And there is a lot of cooperation between companies where there is an LDS tie. Also, there is a voting bloc in Congress, which I call the Mormon Mafia, who throw business at companies in their districts and of their religion. Thus, the government contracts MUEI has enjoyed over the years that have keet the wolf from the door. So far. The specific references are to a speech Simplot made on a conference call where he talked about visiting the Elders and how they supported the good work MU was doing to make America first in the commodity chip arena. Other than that, there has always been a kissy-face relationship between Intel and MU that has helped MU stave off bankruptcy through three downcycles. Some wonder how it came about that Intel demanded EDO only DRAM in 1996 and, surprise, MU had the greatest production percentage of Edo of any mfr. As Jimmy Durante would say, what a coinkadink. -g- But there are limits to how foolish a business will be to help a co-religionist. For example, four months after stating that the world had to move to Burst EDO, where MU and Hyundai were the only producers, Andy Grove changed his tune and admitted that Burst Edo was dead, leaving MU to hold the bag. He may want to help them, but he cannot make his own products obsolete by doing so. MB