Shedding the debt: Micron may ask creditors of the financially troubled Elpida Memory to forgive more than $3.8 billion in debt, according to Reuters. The report comes from Japanese wire services and doesnt name sources.
Whats Microns interest? The company is in exclusive talks to buy the Japanese semiconductor production company, which filed for bankruptcy earlier this year, citing $5 billion in liabilities.
A strong stand: Thats a pretty aggressive position for Micron and may well show that the company is not eager to get Elpida at any cost, said Mike Howard, a semiconductor analysts for IHS iSuppli and a former Micron employee. Micron officials declined to comment.