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To: DavidG who wrote (40146)	10/19/1998 10:33:00 AM
From: phbolton	Read Replies (1) \| Respond to of 53903

No, TXN "gave" them $550 million (not $750) in exchange for 13% or so of MU and a billion or so in notes... I wrote "they can't write if off without re-raising the question of why buy TXN's old, outdated fabs when you have a brand new facility sitting empty" I think "empty" means "no fab" (also note: MU can't fire any of the 1200+ newly acquired Italian workers according to the 8-K so don't look for a shutdown there.) This is just one part of the "big picture" of borrowing billions, selling off assets, losing hundreds of millions from operations every quarter while chasing a DRAM market that shrinks in total dollars every day....