I don't know if Martha Stewart has Micron stock in her portfolio. If not, she may soon have Micron on her watch list if for no other reason than to keep abreast of Micron CEO Steven Appleton's current mailing address.
Why? Well, just perhaps, Mr. Appleton (pictured wearing a tie) will find himself the subject of an investigation as to whether he lied in his testimony to the Federal Trade Commission.
It has been reported that Micron has admitted the US Department of Justice has evidence at least one Micron employee conspired to fix DRAM prices. Despite this, Micron claims it is not the subject of the DOJ's probe that has so far netted guilty pleas from Infineon and Hynix and nine figure fines. It is believed Micron was the first "rat to bat" and as a result "earned" a blind eye or free pass from the DOJ.
On September 20, 2005, Rambus in a filing with the FTC all but states it has evidence that the Micron CEO was disingenuous in his testimony to the FTC regarding the FTC's In the Matter of Rambus, Inc. (Docket No. 9302).Stay tuned.
Posts
No comments:
Post a Comment