Layoff rumors fly at Micron
One analyst sees reasons for hope: the iPhone launch, new Intel chips and fixes to Microsoft's Vista
By Gregory Hahn - ghahn@idahostatesman.com
Edition Date: 06/23/07
"Insider2" was pretty sure that layoffs would happen Friday at Micron Technology.
An online writer who goes by "miraluki" had a "funny feeling" that this week's hugely successful public offering of the equity firm Blackstone Group meant that other rumors were true — that the newly flush company soon would be setting its sights on the Boise memory manufacturer.
Rumors are flying about what's next for Micron, which has struggled with low stock prices and rock-bottom prices lately for its main products. Faceless people are speculating anonymously on Internet message boards, saying workers are concerned cuts could come at any minute.
They say layoffs are inevitable, a buy-out is imminent, and President and CEO Steve Appleton is stepping down.
For the full story, see:
http://www.idahostatesman.com/hightech/story/90151.html
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