To: Walter Morton who wrote (1601 ) 11/24/1998 3:47:00 AM From: Savant Read Replies (1) | Respond to of 18366
Thank you. You have done an excellent job illustrating my points. 1. In both cases Intel and Lucent placed money privately to do the most good in providing the company with cash, and protecting their long term mutual interests. They did not invest publicly in the market. NCII would need the authorization for the extra shares to manage such a deal structure. I at this point, am not indicating such a deal is in the works, or that it should be. 2. I remember when Micron was worth less than $1,000,000 and also more than today. Think empty chip factory... Intel....rights..for 6% private, not in the market With the investment, Intel will acquire stock rights exchangeable for common stock representing approximately 6 percent of Micron's outstanding common stock. "We are pleased with Intel's support for our efforts to provide advanced memory solutions to our customers," Micron president, chairman, and chief executive Steve Appleton said in a statement. "Micron is committed to accelerated support, development, and production of Direct RDRAM." Micron said it expects to have these products available for shipment as early as the third quarter of 1999. "Our goal in making this equity investment is ensuring an adequate supply of memory components, particularly Direct RDRAM," Intel president and chief executive Craig Barrett said in a statement. "This is a significant strategic investment that supports our microprocessor road map into 2000 and beyond." Lucent....private...not in the market Second-round investors include venture-capital companies Information Technology Ventures, U.S. Venture Partners, Lucent Venture Partners and Intel Corp. Lucent Venture Partners is a wholly owned subsidiary of Lucent Technologies. Aristo will use the funds to complete the production release of its first project; to launch marketing, sales and support activities; and to expand its product line with a second offering