Micron Technology: Leveraged Buyout A...

Micron Technology: Leveraged Buyout Announcement Seems Imminent

There are 4617 comments on the Seeking Alpha story from Jun 12, 2007, titled Micron Technology: Leveraged Buyout Announcement Seems Imminent. In it, Seeking Alpha reports that:

Posted on Jun 12th, 2007 with stocks: MU Greg Wilder submits: In January 2007 we wrote an article titled " Micron Technology: Takeover Target For Private Equity? " Now, five months later, we analyze further ... via Seeking Alpha

Join the discussion below, or Read more at Seeking Alpha.

Outsourced

Boise, ID

#2005 Oct 22, 2007
I bet they'll realize they need more local developers with in a year. Outsourcing looks great on paper, but they'll have to learn their lesson the hard way.
ACDC

San Antonio, TX

#2006 Oct 22, 2007
"I bet they'll realize they need more local developers with in a year. Outsourcing looks great on paper, but they'll have to learn their lesson the hard way."

There are some things that will be outsourced easily. And from what I saw, there was a lot of "fat" in IS that could be easily cut. If they retain enough good developers, they may be alright. If they keep too many managers that aren't good managers - then they'll be regretting that.
Outsourced

Boise, ID

#2007 Oct 22, 2007
LOL, I should have said, "I bet they'll wish they outsourced more managers and less developers".
Gone now

Denver, CO

#2008 Oct 22, 2007
There are so many managers and leads in IS it's crazy. Mostly good ole boys. My manager didn't have a degree and everyone else on our team did. She just happened to know someone. Management has implemented so many processes (tracking hours, etc.) that don't add value to the work that lots of required work never gets done. There's lots of companies out there that can do SAP work easily and more efficiently. Micron never kept up with all the latest functionality anyway with SAP HR after it was introduced back in early 2000.
ACDC

San Antonio, TX

#2009 Oct 22, 2007
There are some people in IS that have been there a very long, long time - lots are "good ole boys" or many are pretty sharp technically but are woefully lacking in people skills. There are some good people there, too.

I think IS got way too big and there was a lot of work being done that didn't add much value to the company. Sidenote: A lot of IS types don't understand why hours are tracked - it actually is very important information for the company.

I don't think that the lack of a degree denotes a lack of skills. There were several people in IS that I knew that had only a 2 year degree or degrees in other fields and they knew a lot from other types of training or from experience. Years ago, Micron did hire people that didn't have a four-year degree, it was OK - they encouraged them to get the four-year degree, but I do not know how many did.
As a matter of fact

United States

#2010 Oct 23, 2007
Gone now wrote:
My manager didn't have a degree and everyone else on our team did. She just happened to know someone.
I can't speak to how your manager got where she is, but I've seen too many idiots with 4 year degrees - even masters. A piece of paper by itself doesn't necessarily mean jack.

I've seen some brilliant people with degrees as well, but I've seen some that never took a college class. College is a good thing, but assuming that it qualifies someone is not.
As a matter of fact

United States

#2011 Oct 23, 2007
ACDC wrote:
Sidenote: A lot of IS types don't understand why hours are tracked - it actually is very important information for the company.
ACDC, no one ever used these in our area. I asked on multiple occasions, but no one would give them up. I would imagine they got used when NeoIT showed up. IMFT abandoned 100% hours tracking because the info wasn't being used.

Logging your hours in a case is ok, but 100% time accounting is ridiculous. I've spent 30 minutes or more a day sometimes just tracking hours for reports that no one uses. Its a bureaucratic waste of time.
ACDC

San Antonio, TX

#2012 Oct 23, 2007
Not sure where Micron uses the info - but I was told it was being used.

I am sure that information got used with NeoIT.

Yes, I've spent a good chunk of time figuring out where my time went, too. I have taken some business classes and I know that the information can be useful to accounting and management areas. It is a waste of time if it's not being used....
mrmx

Saint Paul, MN

#2013 Oct 23, 2007
"There's lots of companies out there that can do SAP work easily and more efficiently."

when I was part of micron IS, SAP integration was a favorite reason about why release dates slipped...
Outsourced

Boise, ID

#2014 Oct 23, 2007
ACDC wrote:
Not sure where Micron uses the info - but I was told it was being used.
I am sure that information got used with NeoIT.
Yes, I've spent a good chunk of time figuring out where my time went, too. I have taken some business classes and I know that the information can be useful to accounting and management areas. It is a waste of time if it's not being used....
I know for a fact that it was used to supply NeoIT with information on who supports which applications.
Pete Treanor

Nampa, ID

#2016 Oct 24, 2007
Has anyone seen my b^tch?

Since: Jun 07

Mission Hill

#2017 Oct 24, 2007
I think he is flying around or running his Mexican toy out near Blacks Creek. Maybe he is hooking up with channel 7 and telling it's not to bad and it will be better in a few months right after Santa brings him some new toys, like a new corp jet
Num Nuts

Santa Clara, CA

#2018 Oct 24, 2007
So does anyone know who would buy Micron's Image Division ?

I thought Micron suppose to broadcast this piece of information after Q4 revenue broadcast..where is the promise !!???$#@$$
Num Nut

Boise, ID

#2019 Oct 26, 2007
They've made a lot of promises.

Standard relocation package.
House hunting trips.
Keeping people informed.
An IPO in 1-2 years + equity positions in Newco.
A new culture.
The ability to act swiftly.
The ability to hire talent quickly in SJ (2 new hires so far for the 20 or so vacancies. Although Magnachip has made out quite well in recent weeks.).

Promises are easy.
bystander

Norfolk, NE

#2021 Oct 29, 2007
no more comments?
Nobody

United States

#2022 Oct 29, 2007
bystander wrote:
no more comments?
I guess the MU board has been offered $13 a share by a private equity firm.
SumBuddy

Twin Falls, ID

#2023 Oct 29, 2007
The reason that nobody has resonded is that Micron already has sunk.
mrmx

Saint Paul, MN

#2024 Oct 29, 2007
"The reason that nobody has resonded is that Micron already has sunk."
I was shocked to see the price of 2GB of DRAM drop from $115 in August to $60 today... I heard that DDR is 1/3 of Micron's business but losing 1/6 of your revenue (i.e. 1/2 DDR now) is tough to swallow.

And what about flash? I heard that Arizona State University just licensed a new flash design that promises to put 1TB on a thumb drive. source: http://tinyurl.com/355hwb"> ;

So Micron is in serious "bottom line" trouble. As "the world" starts competing, it's going to be hard to maintain competitive advantages...
mrmx

Saint Paul, MN

#2025 Oct 29, 2007
just for clarification, the $115 to $60 price drop was price data taken from the crucial website and the 1/6 figure comes from 1/2 * 1/3 which shows the revenue drop of 50% DDR markdown on 33% of revenue.... not a pretty picture....
Happy Escapee

Denver, CO

#2026 Oct 30, 2007
I chuckle at Micron's arrogance. Micron rules the electronics island of Idaho known as Boise because they are the only game in town. They can do whatever they want because the at-will employment laws they have ginned up in ID serve the continuation of their fiefdom.

So micron imaging is moving to Silicon Valley, why would engineers who have their pick of companies want to work for Micron? Micron historically underpays engineers, they've cut benefits the past several years (no options, very limited ESSP program, more co-pays for medical/dental coverage), the job stability is lousy, they play in mostly commodity areas so the stock price will not rise and frankly, they have a lousy reputation.

Having worked once for micron I tell anyone who asks me this is a bad company for the reasons mentioned and you will be sorry if you decide to work for them. Most have heeded my advice and stayed away. Some engineer formerly of Qimonda sadly moved forward and now works for micron. I'm sure he's loving the round after round of layoffs. Fun times.

Micron thinks they'll be sitting pretty in Silicon Valley, please, I just laughed again.
Good luck to all those imaging employees who took the relocation. A 1500 square foot shack in Santa Clara County runs you a minimum of $750K. Thatís only about a half million dollars more than their Idaho house is probably worth.

Glad I no longer am part of this garbage heap of a company.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Electronics Discussions

Title Updated Last By Comments
Are Filipinos people nasty and vindictive? (Jul '12) Jun '17 Sara 57
News Joe The Plumber Stands By Shocking Holocaust Ch... (Jun '12) May '17 swedenforever 10
News CPI celebrates 55th anniversary with $5,500 don... (Oct '09) May '17 give-crucial-contex 3
critical mass audio ula2500 v2.0 & ula800v2.o c... (Mar '11) Apr '17 Kris wilson 125
critical mass audio speakers and amplifiers sou... (Nov '14) Mar '17 Jimmyzx9 12
News NV Energy pulls plug on coal-fired power plant ... Mar '17 ThomasA 4
News Push to close last Nevada coal plant centers on... Mar '17 Solarman 1
More from around the web