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

To: Earlie who wrote (43690)	3/11/1999 6:03:00 PM
From: John Graybill	Read Replies (2) \| Respond to of 53903

TXN selling its notes: "Bill Aylesworth, TI's senior vice president and chief financial officer, revealed during the meeting that TI has already sold the subordinated note it received from Micron Technology as part of the memory business sale deal. TI retains a convertible note from Micron, good for exchanging into 12.3 million shares of Micron, as well as 28.9 million shares of Micron, and plans to sell those assets at the right time. There is "considerable upside" in the value of Micron shares, which have increased about 90 percent since the deal closed last fall, Aylesworth said, and TI will sell the shares before the current up cycle in the semiconductor business wanes." electronicnews.com It's news to me, but it's three days old. I'm thinking it's something else, something not concerning Micron in a vacuum. Micron's daily graph every day for the past week is a mini-course in how to recognize a dead stock: THREE OUT OF FIVE DAYS it gapped up and sold off way below the bottom of the gap. Today it didn't even make the effort of moving higher before the sell kicked in. Yesterday we had market-wide buy programs every hour, on the hour. I've never seen that. Buys came out of nowhere at 2:30 today to save the giant dump that was underway and marched everything at gunpoint it almost all the way back to the top. We've seen that many times before, but narrow channels during a move, like we saw beginning at 2:30 today in the broad markets, are always suspicious to me. Note that nobody was buying MU today or yesterday while everything else was rocketing up. Perfect opportunities for the specialists to sell in bulk directly into the computer-generated program trades. Somebody is doing a whole lot of buying, and I don't think it's bargain hunters. New 401K money, early tax returns, blah blah, yeah there's some of that, but twenty or thirty big-block buys AFTER the close in a dead stock is something from another planet. We didn't see that kind of buying when it was rampaging from 50 to 80! A little news-hounding brings us some news of the Susan McDougal trial. Could this be a cause of panic?: "LITTLE ROCK, Ark. (AP) -- Kenneth Starr's investigators on Thursday alleged for the first time that a fraudulent loan to Susan McDougal in the 1980s was used to retire a $27,600 debt in President Clinton's name that was taken out for their Whitewater land venture." "In opening testimony at Mrs. McDougal's obstruction of justice and contempt trial, FBI agent Mike Patkus told jurors he would have liked to ask her ''whether Bill Clinton had any knowledge'' about the link between the two loans but she refused to answer questions before a grand jury." "Of Mrs. McDougal, who listened intently to Patkus' testimony, Ewing said, ''She smiled in the courtroom like maybe she knows the answers.''" newsday.com

To: Earlie who wrote (43690)	3/11/1999 11:59:00 PM
From: IceShark	Read Replies (1) \| Respond to of 53903

TXN has already pedalled their MU "notes" and will sell their stock "at the appropriate time". Might that be ASAP? (g) Boy, that is a question I would like an answer to, too. -g-