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US stocks post a 4th straight gain; Micron soars
2015-07-15 02:30:04| Biotech - Topix.net
Stocks climbed broadly on Tuesday as investors who had been fretting over the Greek debt crisis and plunging Chinese stocks turned their attention back to the U.S. economy and corporate earnings reports. JPMorgan Chase and Johnson & Johnson reported second-quarter profits that were stronger than expected.
US stocks post a 4th straight gain; Micron soars
2015-07-15 00:10:50| Semiconductors - Topix.net
U.S. stocks are off to a sluggish start Tuesday, July 14, 2015, as investors turn their focus to a weak retail sales and corporate ear... A 16-year-old girl survived a small plane crash in the rugged mountains of north-central Washington state and then hiked through thick forest to reach safety in what one official called "a miracle."
Micron: If a Deal Were to Happen, Look Out For Oversupply, Says Morgan Stanley
2015-07-14 19:01:24| Semiconductors - Topix.net
As I mentioned earlier , Micron Technology has gotten one upgrade this morning based on speculation of a $21-per-share bid by Chinese government-backed chip maker Tsinghua Unigroup. Morgan Stanley 's Joseph Moore raised his rating on the stock to Equal Weight from Underweight, writing that the re-valuation of Micron's potential as a take-out target "puts a floor" under the stock price even though there are still worries about the DRAM market.
China Seeks To Bag Up Micron
2015-07-14 13:47:11| Semiconductors - Topix.net
Hot on the heels of the acquisition of ISSI by a Chinese private equity company, another China-based fund has bid for Micron valuing it at $23 billion. The offer of $21 a share is 19% over its pre-bid closing price.
Micron receives USD 23 bln bid from Tsingua - report
2015-07-14 08:56:00| Telecompaper Headlines
(Telecompaper) China's Tsinghua Unigroup has sent a letter to Micron Technology outlining a bid of USD 21 per share, a total of USD 23 billion, for the US chipmaker, the Wall Street Journal reported, citing sources familiar with the matter. The potential bid price is 19.3 percent higher than the share's USD 17.61 closing price on 13 July. A Micron spokesman said the company, based in Boise, Idaho, has not received a buyout offer and declined further comment.
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