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

To: phbolton who wrote (40066)	10/16/1998 5:39:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

ph, absolutely. Unless the i-banking fees amount to roughly $94 million (which I doubt) something's not fully explained. I love how the financial press I've seen so far is skirting the nuts and bolts aspect of the deal and merely reiterating the PR (although the writing on the strategic dimensions has been decent). Hey, financial writers - where is your curiosity? Did you all become journalists so you could sit around paraphrasing press releases? Show some spirit for God's sake. Underneath that PR there are blanks that need to be filled in. What is preventing you from calling up MR at either firm and attempting to do that? Is it the most significant aspect of the story? No. Are deadlines a factor? Yes. But is this an aspect that begs for more specificity? Yes. Sorry, that just drives me nuts. Stuff like that is in the control of these people. Unlike trading, where bad stuff can waylay you out of the blue at any time and no amount of effort can save you (not for a minute do I think intense body english while groovin' to Beck helped one iota in getting some birds back to the flight deck today <g>), that's a profession where there's a direct correlation between effort and output. Good trading, Tom

To: phbolton who wrote (40066)	10/16/1998 6:17:00 PM
From: Kerry Phineas	Respond to of 53903

phb, here's the wording that seems odd to me: The companies said that in exchange for the investment, Intel will receive the right to buy common stock amounting to about 6 percent of Micron's common shares. 500 M /.06= 8.3B, approximately a 10% premium to MU's price today even after accounting for the resultant dilution. BUT, Craig Barret calls it an equity investment. I'm betting the details are a while in coming. I really don't see why INTC would pay a premium, and I don't see why if it was a straight equity investment the companies wouldn't just detail the number of shares and price of the transaction. Would be logical its a convert.