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

To: DJBEINO who wrote (42231)	1/14/1999 12:08:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 53903

DJ, this is newsworthy enough for EE Times to be writing about? It's a joke. The way the article reads, it certainly appears to me like an MU spokesperson either called up or cornered someone at the shareholders meeting and said "I have a story" and someone played ball. The writer quotes the unnamed MU official (as if we didn't have a fairly good idea of who it is) as saying: "The things that concern us is whether the Korean government will forgive that debt," said a spokeswoman at the headquarters of Micron (Boise, Idaho). "That would be very damaging to the [DRAM] industry. We would be in total opposition to that." And the place where the writer shows he did a follow-up question, such as "why would that be very damaging to the DRAM industry?" and got an answer would be? [Also, if the quote is accurate, please ma'am, in the future let's try to do a little better on subject-predicate agreement.] "The other concern is what Hyundai will do with the older fabs," the Micron spokeswoman said. "Our hope is that they would take some of the facilities off line." Micron is upgrading the TI fabs. The TI fabs are "older fabs". The place where the writer points out the hypocrisy of this statement would be where exactly? "Other than Micron, nobody's talked about [forgiveness of debt]," he said. "The debt is unlikely to just disappear. The banks have their own shareholders to think about." Han added that a more likely scenario would be a debt-to-equity swap with the banks, or deferred loan payments. In any case, all discussion of debt payments is premature, he said, since the two companies have yet to settle on a buyout price. So the reason the editors at EE Times ran this piece on an American competitor raising an issue "nobody's talked about" would be what exactly? Doesn't really matter, but it just bugs the hell out of me!!! Good trading, Tom