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Old May 28, 2007, 06:35 AM
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Default AMD Micron to go private???

It's not beyond the imagination these days as more and more companies are doing it- no more SEC compliance, and as Adam Lashinsky puts it: "lots of capital in the hands of sophisticated buyers and in the form of extremely attractive interest rates. When the cost of debt goes up, and it will, the velocity of the buyout biz will slow dramatically. Then the good privately held companies will go public again, and the bad ones either will get sold for less than they were taken out for or go bankrupt (and then get sold). The cycle is totally predictable. We just don’t know when the fun begins."

Here's the article from EEtimes:

SAN JOSE, Calif. — Rumors are running rampant that AMD, Micron and Lexmark are separately mulling over plans to go the private-equity route, according to various reports.

There were other rumors last week. Oracle was rumored to make a bid for SAP, Nokia would make a bid to buy Research in Motion, and Tokyo Electron Ltd. (TEL) would buy Lam Research Corp., according to SG Cowen Securities Inc. (New York).
But private equity dominated the rumor mills. According to the IdahoStatesman, Micron Technology Inc. is rumored to be a buy-out candidate amid wild activity with its stock late last week. CNBC late Friday (May 25) reported that private-equity giant Blackstone Capital Partners is interested in Micron (Boise, Ida.).
Last week, rumor had it that ''Lexmark, Micron and AMD were all on the verge of going private,'' according to a report from SG Cowen Securities.
Micron lost money in its recent quarter amid a downturn in the DRAM and NAND flash markets. Advanced Micro Devices Inc. (AMD) is struggling and is seeing red ink. Freescale, NXP and others went the private-equity route last year.

From EETimes
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