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

To: Earlie who wrote (44042)	3/20/1999 11:38:00 AM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 53903

Earlie, a .03/share one-time charge? 247.3 million shares X .03 = $7.419 mil. Would that charge be "loss on sale of assets"? I guess we'll find out Tuesday night. Uh, wait a second... ...when did the deal go through? When did their 2nd quarter end? If the .03 charge does refer to a loss on sale of assets (i.e. assorted equipment) involved in the transaction (which I'm not sure it does, but it seems reasonable to assume that's what it would be) and the transaction closed after their 2Q ended... ...why would the charge affect 2Q earnings? SANTA CLARA, Calif. and BOISE, Idaho--(BUSINESS WIRE)--March 19, 1999--PixTech, Inc. (Nasdaq/NM and EASDAQ:PIXT) and Micron Technology, Inc. (NYSE:MU - news) today announced the signing of a definitive agreement for PixTech to acquire assets of Micron's Field Emission Display Division located in Boise, Idaho. They announced the signing on 3-19-99. But when was it actually signed? Was it signed before MU's 2Q ended or after? The transaction is expected to reduce Micron's second quarter 1999 earnings* per share by approximately $0.03.* So assuming that's correct, is it then reasonable to assume the deal was signed before their 2Q ended, but they "announced" the signing weeks later? Or is there something I'm missing. Can they sign an agreement on a transaction in 3Q and then take the charge 2Q? Am I making this harder than it really is? Or are they making this harder than it really is? Good trading, Tom