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Semiconductors

Micron Technology: Leveraged Buyout Announcement Seems Imminent

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Larry Mease
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#3308
Mar 17, 2008
 
Sad but true wrote:
We need to keep that money here in America, so the only way to keep that money here at home is to buy prostitutes and beer, since those are the only businesses still in the US.
LMAO! Whatever you do, invest it in yourself and what your heart loves.
bassman
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#3309
Mar 19, 2008
 
I would like to know if anyone has gotten funding for a 2 year school through the Trade act from the Idaho Job Commerce adn Labor.???? It has been suggested that they will only pay forthe nine months schools. Any truth to this????
Electrician
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#3310
Mar 19, 2008
 
I asked for TAA benefits through the labor office.
They told me they would allow me training in any field that there was jobs in request for the service. You need to have five request and then go to the labor office and get your approval.
This is a once in a life time education so don't blow it on just any school.( there are emergency fed funds for under $5000 job update training a person can request)
No limit on how much school or time. You can request UI benefits and they will extend but you have to apply in the allotted time.
careerchanger
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#3311
Mar 20, 2008
 
I got some funds and am now enrolled in Accounting program at Larry Selland College at Boise State. Much higher quality education and far lower cost than Henegar or Apollo. Be careful of those guys. No out of pocket costs but tuition for them is like 20,000 dollars vs what you can get at Selland for $4,000. Henegar and Apollo gave me lots of promises and would do all my paperwork - they don't tell you you will have student loans until the end of time.
I know Selland is accepting applications now for Fall, 2008 and most programs only start once a year. Dental Assisting starts in the summer. I decided to do accounting because grads are getting hired at 35,000 - 40,000 with just 18 months of training - AAS degree. It's cool - more like detective work. Very little math - computer does it all. Just have to be detail oriented. Other high paying jobs that you guys might consider - computer network tech - diesel repair tech - I heard these guys make $50 -$70 after a couple years on the job the demand is so huge. Electronics techs are in high demand - to work on smart homes, medical equipment etc.
I think Selland has 30 programs. Call them to get a booklet that describes all the programs. The faculty are great and most classes only have 20 people plus everything is hands on and you get lots of on the job training experience etc. I love it here. Lots of ex Micron folks are in our classes. Selland will moving to the new community college in Nampa at BSU West next summer - but will still offer lots of programs in Boise. Tuition will be about half the cost when it moves over ---- but don't wait too long - because I think the Department of Labor funds have to be used in a certain timeframe. Hope this helps. Best decision I ever made - to go back to school at 50. Having fun and learning that I am still marketable after all these years!
exmicronwidow
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#3312
Mar 20, 2008
 
My husband worked in RDA for almost 21 years before he was let go 7/7/07 and is scheduled to start school this Fall. Department of Labor in Nampa has been very helpful throughout the process. TAA benefits will pay for his two-year program in IT & Computer Networking at Larry Selland College at BSU. His unemployment benefits have also been extended for the duration of schooling. BSU wanted him to take two classes to brush up on calculus and English 1 and at first Department of Labor was not sure the TAA would cover the cost of the classes but they came through and paid for those too. If I recall correctly there was a "cap" on the $$ amount TAA would pay for schooling but I cannot remember that figure. I agree with Electrician that this is a once in a lifetime opportunity to get an education. My husband gave so many years of loyal service to Micron to get booted out the way he did and I want him to get his education so that he can work where he will be valued. This is a scary time for us financially but his unemployment will pay for 2/3 of the mortgage payment and my wages will make up the rest.
careerchanger wrote:
I got some funds and am now enrolled in Accounting program at Larry Selland College at Boise State. Much higher quality education and far lower cost than Henegar or Apollo. Be careful of those guys. No out of pocket costs but tuition for them is like 20,000 dollars vs what you can get at Selland for $4,000. Henegar and Apollo gave me lots of promises and would do all my paperwork - they don't tell you you will have student loans until the end of time.
I know Selland is accepting applications now for Fall, 2008 and most programs only start once a year. Dental Assisting starts in the summer. I decided to do accounting because grads are getting hired at 35,000 - 40,000 with just 18 months of training - AAS degree. It's cool - more like detective work. Very little math - computer does it all. Just have to be detail oriented. Other high paying jobs that you guys might consider - computer network tech - diesel repair tech - I heard these guys make $50 -$70 after a couple years on the job the demand is so huge. Electronics techs are in high demand - to work on smart homes, medical equipment etc.
I think Selland has 30 programs. Call them to get a booklet that describes all the programs. The faculty are great and most classes only have 20 people plus everything is hands on and you get lots of on the job training experience etc. I love it here. Lots of ex Micron folks are in our classes. Selland will moving to the new community college in Nampa at BSU West next summer - but will still offer lots of programs in Boise. Tuition will be about half the cost when it moves over ---- but don't wait too long - because I think the Department of Labor funds have to be used in a certain timeframe. Hope this helps. Best decision I ever made - to go back to school at 50. Having fun and learning that I am still marketable after all these years!
similiarsituatio n
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#3313
Mar 20, 2008
 
MTV wrote:
The above is very true... There was a woman that worked E-shift at MTV who was on Maternity leave... HR called her asking her to resign... She said no, so they just fired her... Needless to say there is a civil suit in the works...
Same thing happened to me, but i was on FMLA with wife. a name would be great because now they are trying to collect on a relo contract. 1 year later!
Larry Mease
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#3315
Mar 27, 2008
 
who's buying up micron shares at the tastey price of $5.50 a pop?
PrivateIdaho
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#3316
Mar 27, 2008
 
Larry Mease wrote:
who's buying up micron shares at the tastey price of $5.50 a pop?
Probably Rambus princials
Micron Blows
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#3318
Apr 2, 2008
 
Nice quarter, Micron. $777 mil loss. Awesome.
PrivateIdaho
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#3319
Apr 2, 2008
 
Yay Micron! That few million you saved jettisoning loyal employees last year sure helped the bottom line! Good job, not only are you now profitable but the stock price has rebounded!

Oh wait, no it hasn't. You boned over 1200 people for NOTHING!
Gordon Gecko
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#3320
Apr 3, 2008
 
PrivateIdaho wrote:
Yay Micron! That few million you saved jettisoning loyal employees last year sure helped the bottom line! Good job, not only are you now profitable but the stock price has rebounded!
Oh wait, no it hasn't. You boned over 1200 people for NOTHING!
Their loss would have probably been a cool billion, or even more, then.
Lester
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#3321
Apr 3, 2008
 
My friends in HR tell me that another layoff is coming along with changes in Overtime policy etc. When we are all gone who will do the work? China?
Thank God I am gone
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#3322
Apr 3, 2008
 
Those IS people selected for outsourcing will begin being let go the end of April with a majority of them leaving the by the end of May. Why hasn't the news media jumped on this news? Micron isn't safe from this reporting. Where is the media coverage of this mass forced exodus?
Happy to be gone
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#3323
Apr 3, 2008
 
Hey...if nothing else since being let go my take home pay has doubled and my current gig (with a much more reputable company) is with an insane profitable company....

I don't want to, but still do, harvest some resentment. We wanted to settle down in Boise and that dream was smashed by this whole mess...
Gordon Gecko
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#3324
Apr 4, 2008
 
Thank God I am gone wrote:
Why hasn't the news media jumped on this news? Micron isn't safe from this reporting. Where is the media coverage of this mass forced exodus?
Unfortunately Micron isn't really a big deal compared to the housing bust and the collapsing financial and credit markets.

The story of Micron is also a retelling of the end of the garmant industry; the end of the steel industry; the end of the IT industry; etc...

And remember that Katrina gave America "economic refugees" instead of "displaced Americans" so the writing on the wall is getting nastier and nastier folks!
still looking
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#3325
Apr 4, 2008
 
Happy to be gone wrote:
Hey...if nothing else since being let go my take home pay has doubled and my current gig (with a much more reputable company) is with an insane profitable company....
I don't want to, but still do, harvest some resentment. We wanted to settle down in Boise and that dream was smashed by this whole mess...
where do you work now?
Happy to be gone
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#3326
Apr 4, 2008
 
still looking wrote:
<quoted text>
where do you work now?
In Seattle for the largest software company in the world.
How To Save micron
AOL
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#3327
Apr 5, 2008
 
Why not put the best person for the job at the helm>Lance Crowell could put Micron in the black within a year.He is known for turning companies around that are in trouble.
Micron Needs Help
AOL
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#3328
Apr 5, 2008
 
Yes________Crowell could make micron a profit.
in DC
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#3329
Apr 8, 2008
 
Happy to be gone wrote:
<quoted text>
In Seattle for the largest software company in the world.
I work in the same company in DC, life is so different.

Advise:
Work smart
Switch jobs for a jump
Put family first
Try to move away from bad managers

As an immigrant I can say one thing: In this country you don't have to work as hard as you do in Micron for success.
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