Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Thomas G. Busillo who wrote (45437)	4/28/1999 9:27:00 PM
From: Bill F.	Read Replies (1) \| Respond to of 53903

you really think he listens to niles?(BG)the dram mkt broke and maybe he decided to git while the gitten was good.anyway i knew merill had a huge seller that day as i got a call.didn't know who until yesterday.he wanted out they made him a bid, the stock tatered yesterday,merrill reccomended it,another day on wall street.point is the customer wanted out for whatever reason,it wasn't the traders who botched the job,which was what i thought you were saying.

To: Thomas G. Busillo who wrote (45437)	4/28/1999 9:42:00 PM
From: DJBEINO	Respond to of 53903

Micron Technology Stake Cut to 3.2% From 5.3% by John Simplot Bloomberg News April 28, 1999, 12:55 p.m. PT Washington, April 28 (Bloomberg) -- A trust controlled by Idaho billionaire John R. Simplot cut its stake in Micron Technology Inc. to 3.2 percent from 5.3 percent of common shares. The trust sold 4 million shares on April 22 for $37 to $39 apiece, according to an amended Schedule 13D filed with the U.S. Securities and Exchange Commission. On the same day, the Simplot trust donated an additional 1 million shares to the J.R. Simplot Foundation. The Simplot trust now holds 7.9 million Micron shares, down from 12.9 million previously reported. Boise, Idaho-based Micron is the No. 2 maker of memory chips. Micron stock has lost about half, or almost $11 billion, of its market value since early February. In addition, the J.R. Simplot Co. holds 22.5 million Micron shares, or a 9 percent company stake. Micron shares rose 2 1/8 to 37 7/8 in late trading. Company shares are down 25 percent this year.

To: Thomas G. Busillo who wrote (45437)	4/28/1999 10:07:00 PM
From: DavidG	Read Replies (2) \| Respond to of 53903

Tom, As we get older we tend to get more cynical of strange behaviors. I just can't believe that someone with so much money, power and influence can pick the absolutely worse time to sell MU shares. Even if any of us tried to do that I don't believe we could have done it.<g> So my question to you is: what could be the benefit of Simplot selling so much for so little? Could he have been pi$$ed off with his heirs and did it out of spite? Is he Pi$$ed off with the company and is trying to start a major selloff panic of the company by showing all that he may know something they are not tuned in to yet? ..or does he really know something and is getting out before the news hits the street...like maybe accounting problems for past 3 years.<g> Nah I really doubt it.:-) ...but it does seem verrry interesting.<vbg> DavidG