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China makes $23b bid for Micron.

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  • China makes $23b bid for Micron.

    http://www.bloomberg.com/news/articl...fer-for-micron

    If this really goes through, it will be a coup as China has the ability to dominate the memory chip market.

  • #2
    Re: China makes $23b bid for Micron.

    Interestingly yesterday I was chatting with an investor friend who had bought Micron a few years back around 5. He had already sold but I was telling him Micron looked decently cheap at this level after dropping from around 27 to 18 this year.

    What a coincidence. Wish I had bought.....yesterday on that thought.

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    • #3
      Re: China makes $23b bid for Micron.

      Originally posted by ProdigyofZen View Post
      What a coincidence. Wish I had bought.....yesterday on that thought.
      Probably won't matter - I'll be a little bit surprised if your gov't lets it go through.

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      • #4
        Re: China makes $23b bid for Micron.

        From the title, I thought China might be buying Micronesia.

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        • #5
          Re: China makes $23b bid for Micron.

          Originally posted by LazyBoy View Post
          From the title, I thought China might be buying Micronesia.
          +1

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          • #6
            Re: China makes $23b bid for Micron.

            Originally posted by ProdigyofZen View Post
            Interestingly yesterday I was chatting with an investor friend who had bought Micron a few years back around 5. He had already sold but I was telling him Micron looked decently cheap at this level after dropping from around 27 to 18 this year.

            What a coincidence. Wish I had bought.....yesterday on that thought.

            The current price is only about $19, so I guess it's still not too late to buy?

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