Dell Inc (NASDAQ:DELL) shares dropped by 0.67%, Micron Technology, Inc (NASDAQ:MU)
Dell Inc (NASDAQ:DELL): Thursday’s trading session saw Dell Inc (NASDAQ:DELL) dropped by 0.67%. The opening price of $13.33 climbed to an intraday high of $13.38 before settling down to close at $13.27 per share. More than 0.800 million shares exchanged hands in the last trading session. This number stood above the average volume of 23.44 million that was measured over 30 days.
Southeastern Asset Management broke-down the analysis of Dell. They stated that according to the letter that was sent by it to Dell Inc (NASDAQ:DELL)’s board, it should ideally be trading at $23.72 a share. Due to this, Southeastern will vote against the $24 billion buy-out that Michael Dell has put forth for Dell. Michael Dell had put forth a pretty simple offer. He plans on borrowing money from a third-party and will then partner with Silver Lake and take DELL private at a $13.65 per share price. The deal might end up being lucrative to Dell Inc, as Southeastern Asset Management maintains that the other businesses it has besides the PC one have significant growth opportunities.
Micron Technology, Inc (NASDAQ:MU): Thursday’s trading session saw Micron Technology, Inc (NASDAQ:MU) rising by 0.51%. The opening price of $11.81 climbed to an intraday high of $11.99 before settling down to close at $11.89 per share. The average volume of 29.41 million was measured over a 30 days.
MU is an international manufacturer and a marketer of different semi-conductor devices. It primarily deals in DRAM, NAND Flash and NOR Flash memory. Its other products are packaging solutions, memory technologies and semiconductor systems. All of these are used in consumer, computing, automotive, embedded, networking, industrial as well as mobile products. Apart from this, Micron Technology, Inc (NASDAQ:MU) manufactures semi-conductor components that are used in CMOS images-sensors and other semi-conductors products. MU operates in 4 segments: NAND Solutions Group, DRAM Solutions Group, Wireless Solutions Group and the Embedded Solutions Group. Micron Technology, Inc (NASDAQ:MU) has manufacturing facilities in various countries such as the United States, Israel, China, Italy, Puerto Rico, Malaysia and Singapore.