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  • 4 Questions That Will Determine If Micron Is Good Or Great [View article]
    Just saw this filing, requesting "Confidential Treatment" from the SEC. Bloody Micron may not give us the answers we want about Elpida after all!

    Item 1.01

    Entry into a Material Agreement

    On August 6, 2013, Micron Technology, Inc. (“Micron”) filed a Current Report on Form 8-K (the “8-K”) pursuant to Item 1.01 related to the entry into various agreements regarding Micron’s acquisition of Elpida Memory, Inc. (“Elpida”). Micron filed a Confidential Treatment Request with the Securities and Exchange Commission (“SEC”) related to these agreements and redacted portions of the agreements that were filed as exhibits to the 8-K.

    This Amendment to the 8-K is being filed solely for the purpose of refiling Exhibits 10.139 and 10.141, which were initially filed with the 8-K on August 6, 2013. Certain redactions to Exhibits 10.139 and 10.141 have been revised in response to a comment letter received by Micron from the SEC.

    Item 9.01

    Financial Statements and Exhibits

    Exhibit No.


    English Translation of Front-End Manufacturing Supply Agreement, dated July 31, 2013, by and between Micron Semiconductor Asia Pte. Ltd. and Elpida Memory, Inc.

    English Translation of General Services Agreement, dated July 31, 2013, by and between Micron Semiconductor Asia Pte. Ltd. and Elpida Memory, Inc.


    Certain portions have been omitted pursuant to a confidential treatment request. Omitted information has been filed separately with the Securities and Exchange Commission.
    Oct 2 12:35 PM | 1 Like Like |Link to Comment
  • Still Room To Run For Magnum Hunter [View article]
    If the warrants were intended to reduce the short interest in the stock, they sure didn't work very well. The stock has been heavily shorted, almost 40m shares at the last report, or about 8 days to cover. If I was a short, I wouldn't worry too much about them--they will either expire worthless (as the last ones did), or if there is a takeover, they will be cancelled.

    It is a crazy idea. The best deterrent to shorts is to run a sound company. Get the balance sheet in order, and drill the Utica, drill the Marcellus, drill the Bakken and the Tablelands. Get results. Follow best drilling practices. Run a company that you can be fully transparent on. The shorts and ankle biters will melt away.

    BTW, I am not short, I am long MHR.
    Oct 1 04:22 PM | 4 Likes Like |Link to Comment
  • SanDisk Is A Strong Buy As Its Bull Run Isn't Over Yet [View article]
    Actually, Sony has been a very good customer of Sandisk's for a number of years. They don't compete very much, only in a minor way, which hasn't precluded a partnership.
    Sep 30 10:23 PM | 1 Like Like |Link to Comment
  • Micron To Benefit From Memory Shortages, Part VII [View article]
    more on the consequences of the fire from Piper Jaffrey and RBC, through Barrons Tech Trader Daily. They are bullish.

    Micron: DRAM Supply Constraints Continue to Support Prices, Say Piper, RBC
    By Tiernan Ray
    September 27, 2013, 11:57 A.M. ET
    Sep 27 04:53 PM | 1 Like Like |Link to Comment
  • Micron To Benefit From Memory Shortages, Part VII [View article]
    Thanks, good info. I thought Hynix was blowin' smoke (so to speak, lol) with their talk that seemed to imply getting back to normal in November.
    Sep 26 10:35 PM | Likes Like |Link to Comment
  • The Good News In Micron's State Of The Union [View article]
    Micron Technology Ships First Samples of Hybrid Memory Cube
    By GlobeNewswire, September 25, 2013, 08:00:00 AM EDT
    Volume Production Planned for 2014

    BOISE, Idaho, Sept. 25, 2013 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), announced today that it is shipping 2GB Hybrid Memory Cube (HMC) engineering samples. HMC represents a dramatic step forward in memory technology, and these engineering samples are the world's first HMC devices to be shared broadly with lead customers. HMC is designed for applications requiring high-bandwidth access to memory, including data packet processing, data packet buffering or storage, and computing applications such as processor accelerators. Micron expects future generations of HMC to migrate to consumer applications within three to five years.

    An industry breakthrough, HMC uses advanced through-silicon vias (TSVs)—vertical conduits that electrically connect a stack of individual chips—to combine high-performance logic with Micron's state-of-the-art DRAM. Micron's HMC features a 2GB memory cube that is composed of a stack of four 4Gb DRAM die. The solution provides an unprecedented 160 GB/s of memory bandwidth while using up to 70 percent less energy per bit than existing technologies, which dramatically lowers customers' total cost of ownership (TCO).

    more at
    Sep 26 07:14 PM | Likes Like |Link to Comment
  • 4 Questions That Will Determine If Micron Is Good Or Great [View article]
    " ( if no one in our government speaks for a few days) "

    Unhappily, not much chance of that.

    But if they say the magic words, "We aren't going to play games with the debt ceiling" and "We aren't going to shut down the federal govt," Mr. Market will get giddy with glee.
    Sep 26 02:47 PM | 3 Likes Like |Link to Comment
  • Earnings Preview: Micron Technology [View article]
    Almost certain to happen, IMO.
    Sep 26 09:51 AM | Likes Like |Link to Comment
  • 4 Questions That Will Determine If Micron Is Good Or Great [View article]
    Nice article. Micron already answered Q-1 in a CC soon after the fire--no, the fire will not change their plans (I believe it was Kipp Bedard who said that). And as for Q-2--one of the things that the fire will, in effect, do is test that hypothesis. Several analysts have recommended buying Hynix despite the fire because while they will have a reduction in chip sales, the remaining sales will be at a higher price. This in essence accomplishes by accident what your question 2 proposes to do deliberately.

    They have made it clear that they will be aggressively reducing their debt with their massively increased FCF. They will do this in part by buying back their convertible bonds, and then their own stock. I hope they do this in a hurry, but their share count will be going up by at least 200m shares this quarter due to employee options going in the money over the price of 14.

    Kipp said that they may even pay down their Elpida early, although this seemed to me to be almost silly since this is zero percent debt. However, he acknowledged this at the time, and said that under some circumstances paying down zero percent debt would make sense. One of those circumstances is a leveraged buyout by management. It wouldn't surprise me if this happens, as this management seems to me to be out for itself, and a buyout at 30 or 35 would almost certainly get passed by shareholders as it represents a nice premium, but it would also represent a low-ball buyout for buyers who would be thinking ahead 3 years. Just as the Seagate LBO was back in 2000.
    Sep 26 09:20 AM | 1 Like Like |Link to Comment
  • Earnings Preview: Micron Technology [View article]
    " Seeker, get out of my face. I'm sick of your nasty attacks. I NEVER said I knew the "real" date."
    Tradestar--I promise I will not reply to anything you say, but I have to respond to the above comment, which is transparently false. Apparently you don't know how to look anyone's past comments. You have been in other people's "face" (as you put it) continually now. Below is a sampling of your own comments--more are possible, but one has to stop somewhere. Others can judge who is getting into whose "face" and who is "nasty". You need to look in a mirror. I only reflect your own comments, nothing more.

    Comments from tradestar follow, they can all be found here (if anyone is actually interested, lol):

    Don't quote inaccurate sources! It will NOT be Oct. 3. Keep your pants on. Try after October 15, per MU Investor Relations, the other day, and, yes, I spoke directly to the head of.
    Wrong. Read my post above. You're using Economic Calendars. MU already told me it will be around or after 10/15. Stop giving false information from some rinky-dink earnings calendar, which are all famous for wrong dates, and even more so for MU.
    No, no, no. Will you get this right already? The company ITSELF says no earnings until mid-October., You are both misleading people with false information.
    No, no, no. They are not reporting until mid October, per their own words to me and to, as it appears here, to others as well. You are going off some Economic Calendars, not the company itself.
    Maulik, You didn't even post here on this article, so why are quoting,

    "I spoke to the Director of Investor Relations. This is in the information he provided over the phone."

    Where does the guy below get Oct. 10? I just talked to Investor Relations late last week (there is no "Vendor" relations) , and was told by the director it would be not until the middle of October, around the 15th? Who is the person that told you this?
    $25? Way out of reality. You talk of the analysts - look at your own ridiculous figures; they have no relation to reality. Dream on.
    Yeah, your only accurate comment is, you are just guessing, right?
    This is turning into insanity. Show me any chip producer that has increased the amount most of you and your analyst sidekicks believe this will. It has already gone too far, too fast.
    Sep 25 10:26 AM | Likes Like |Link to Comment
  • Earnings Preview: Micron Technology [View article]
    You are making zero sense here. You have insisted many times that you were told by IR that it would be in mid-October or later, came down hard on others for saying something different and insisting that you knew the "real" date, and now you say that they told you that you would have to wait for the real date.

    I am not saying anything more about this. It speaks for itself.
    Sep 24 09:12 PM | 2 Likes Like |Link to Comment
  • Micron Technology - Riding The 48% Growth SSD Wave [View article]
    Micron will announce earnings on October 10, as per their web site--

    Investor Calendar
    Micron's Fourth Quarter 2013 Financial Call

    Oct 10, 2013 at 4:30 PM ET
    Sep 24 07:37 PM | Likes Like |Link to Comment
  • Will Micron Ever Be Shareholder Friendly? [View article]
    Micron has finally announced when they will report earnings--Oct 10.

    Investor Calendar
    Micron's Fourth Quarter 2013 Financial Call

    Oct 10, 2013 at 4:30 PM ET
    Sep 24 07:30 PM | 2 Likes Like |Link to Comment
  • Earnings Preview: Micron Technology [View article]
    Tradestar, I know you keep repeating this, many times already, but repetition does not make it so. Micron's web site says Oct 10 is the date for earnings--

    Investor Calendar
    Micron's Fourth Quarter 2013 Financial Call

    Oct 10, 2013 at 4:30 PM ET

    So, why don't you stop giving people inaccurate information?
    Sep 24 07:27 PM | Likes Like |Link to Comment
  • Earnings Preview: Micron Technology [View article]
    Vet, Samsung's new fab in Xian is expected to begin pilot production in Q1 of 2014, not 2015. As I understand it at least, they will begin with 20kpm of 3D wafers.
    Sep 24 07:22 PM | 1 Like Like |Link to Comment