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I now know why MU was up so high. Rumors - They
are a pain when you have a short and the rumor
takes the other side.
Harley
http://biz.yahoo.com/bw/980925/cmp_media_2.html
<x-html><html><base href="http://biz.yahoo.com/";><title>Yahoo - Intel May Take Stake In Micron Technology Inc., Reports CMP's Electronic Buyers' News</title><center><table cellpadding=2 cellspacing=0
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disclaimer</small></td></tr></table></table><b>Friday September 25, 2:27 pm <small>Eastern Time</small></b><h3>Company Press Release</h3><h2>Intel May Take Stake In Micron Technology Inc., Reports CMP's Electronic Buyers' News</h2><h3>Sources Say Both Companies Are Leaning Toward a Cash Transfer </h3><!--bw|906758820-->
<!-- TextStart -->
<p>
MANHASSET, N.Y.--(BUSINESS WIRE)--Sept. 25, 1998--
Intel Corp. (Nasdaq:news) is currently negotiating with Micron
Technology Inc. (NYSE:news) to take a minor equity stake in the memory
chip maker, a move that would give Intel a steady supply of memory,
and Micron capital to pursue its expansion plans, CMP's Electronic
Buyers' News (http://www.ebnews.com) has learned.
<p>
Both Intel and Micron spokespeople declined to comment on the
report.
<p>
The outcome of the negotiations were still uncertain at press
time. And whether Intel's infusion would be provided through financing
or a private securities purchase was also unclear. Sources close to
the talks, however, told the publication that both companies are
leaning toward a cash transfer.
<p>
Byron Walker, an analyst at BT Alex. Brown Inc., New York, said
he didn't believe the Intel-Micron arrangement when he first heard it.
``I checked it out, and now believe there's some validity.''
<p>
While it's unclear how Micron would use the funds, the company
has several fab projects under way. A fab is a manufacturing plant
that makes semiconductor devices. For one, its long-delayed fab in
Lehi, Utah, needs to be equipped. Micron also needs to upgrade three
of the memory chip or DRAM fabs it recently acquired from Texas
Instruments Inc [NYSE:news]. The Boise, Idaho, company's ambitious expansion plans
could make it the overwhelming leader in the global DRAM market,
analysts said.
<p>
Intel's stake in Micron could ensure the microprocessor maker a
continued supply of DRAMs, prevent another shortage, and keep DRAM
prices from rising again. Some industry observers said it would give
the Santa Clara, Calif., company the highest leverage in the DRAM
market. Major global DRAM competitors would be forced to accelerate
their DRAM yields to keep up with low-cost Micron chips.
<p>
The full Electronic Buyers' News story, with more details, can be
found at http://www.ebnonline.com/daily/0998/092598news8.html.
<p>
For more than 25 years, CMP's Electronic Buyers' News has been
the most widely read publication serving purchasers of electronic
components. An essential source of pricing trends, new products,
supplier reports and industry developments, Electronic Buyers' News
targets more than 67,000 OEM purchasing and corporate managers,
weekly.
<p>
CMP Media Inc. (Nasdaq:news) is a leading high-tech media company
providing essential information and marketing services to the broad
technology spectrum--the builders, sellers and users of technology
worldwide. With its portfolio of newspapers, magazines, custom
publishing, Internet products and conferences, CMP is uniquely
positioned to offer marketers comprehensive, integrated solutions
tailored to meet their individual needs. Online editions of the
company's print publications, along with products and services created
exclusively for the Internet, can be found on CMPnet at
http://www.CMPnet.com. NSTL, the company's independent testing lab,
serves government, corporate and technology vendor clients around the
world.
<hr align=left width="20%" size=1 noshade>
<i>Contact:</i>
<small><br clear=all><pre> CMP Media Inc.
Steve Rubel
516/562-7434
srubel@xxxxxxx
or
Barry Zusman
516/562-7040
bzusman@xxxxxxx</pre></small>
<!-- TextEnd -->
<p><hr align=left width="33%" noshade><table border=0 cellpadding=0><tr
valign=top><td><b>More Quotes<br>and News:</b></td><td><ul><li>CMP Media Inc (Nasdaq:computers,
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txn => TXN: name
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</x-html>From ???@??? Sun Sep 27 23:02:28 1998
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Posted-Date: Fri, 25 Sep 1998 23:19:03 -0500 (CDT)
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Date: Fri, 25 Sep 1998 23:12:02 -0500
From: Harley Meyer <meyer@xxxxxxxxxxx>
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Subject: Yahoo - DIARY - U.S. corporate earnings calendar
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Well MU's earnings might be the reason for the
rumor. Some body needs to run the price up so when
they take it down on poor earnings it becomes a
wash. The same thing happened this spring with AMD
and some deal with IBM, which was not true.
Harley
http://biz.yahoo.com/rf/980925/bg5.html
<x-html><html><base href="http://biz.yahoo.com/";><title>Yahoo - DIARY - U.S. corporate earnings calendar</title><center><table cellpadding=2 cellspacing=0
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disclaimer</small></td></tr></table></table><b>Friday September 25, 7:50 pm <small>Eastern Time</small></b><h2>DIARY - U.S. corporate earnings calendar</h2><!--rf|906778200-->
<!-- TextStart -->
<p>NEW
YORK,
Sept
25
(Reuters)
-
The
following
are
tentative
quarterly
earnings
reporting
dates
and
analysts'
mean
estimates
of
select
U.S.
companies.
Reporting
dates
have
been
compiled
by
Reuters.
Earnings
estimates
are
provided
by
First
Call.
<br clear=all><pre>
DATE COMPANY QTR EST.
9/28 Lilly Industries (NYSE:news) Q3 0.37
9/28 Micron Technology (NYSE:news) Q4 -0.54
9/30 Great A & P (NYSE:news) Q2 0.40
9/30 KLA-Tencor (Nasdaq:news) Q1 0.14
10/1 Marriott Intl (NYSE:news) Q3 0.33
10/1 SuperValu (NYSE:news) Q2 0.32
</pre><p>
<!-- TextEnd -->
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<!-- [N25ARNU/0906767411-0000034294]
LI.N => LI: text
MU.N => MU: text
GAP.N => GAP: text
KLAC.O => KLAC: text
MAR.N => MAR: text
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z0000: slug US, slug RESF
-->
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</x-html>From ???@??? Sun Sep 27 23:02:59 1998
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Message-ID: <005f01bde93f$2cea3580$f511083d@xxxxx>
From: "Mike Eggleton" <emike@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>, <metastock-list@xxxxxxxxxxxxx>
Subject: Re: Elliotscope: Your opinions PLEASE
Date: Sat, 26 Sep 1998 21:16:54 +1000
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As I'm relatively new to modern day techo stuff - keep it coming.
Mike Eggleton
-----Original Message-----
From: Rajesh <rajesh@xxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Friday, 25 September, 1998 1:14 PM
Subject: Elliotscope: Your opinions PLEASE
>Hello guys,
>
>I would like to know if its getting to heavy. Should I cut down the
>posts ? Should I just post at intervals when there is a major change or
>are you ll interested in the continuous updates.
>
>Since we are no Jerry Favours or the Princeton Institute of Economics I
>sure would like to know.
>
>Please let me know.
>
>Dunce,
>
>Rajesh
>
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