What happened to Steve Appleton of Micron?
Steve Appleton, Micron CEO, Killed in Boise Plane Crash. Steven R. Appleton, the chairman and CEO of Micron Technology, Inc., was killed this morning when an experimental plane he was piloting crashed at an airport in Boise, Idaho, the company confirmed. Appleton, who had been CEO of the semiconductor manufacturer since 2007, was 51.
What happened to the CEO of Micron?
Feb. 3, 2012 — -- Steven R. Appleton, the chairman and CEO of Micron Technology, Inc., was killed this morning when an experimental plane he was piloting crashed at an airport in Boise, Idaho, the company confirmed. Appleton, who had been CEO of the semiconductor manufacturer since 2007, was 51.
Who is Steven Appleton?
Steven R. Appleton, the chairman and CEO of Micron Technology, Inc., was killed this morning when an experimental plane he was piloting crashed at an airport in Boise, Idaho, the company confirmed.
Is micron stock a buy at $100?
But with Micron shares selling for closer to $80 at the time, the $100 price target actually kind of made Micron look like more of a buy than a sell!
Who is Steve Appleton?
Steve Appleton, the 35-year-old wunderkind who rose from production line worker to chairman of Micron Technology Inc. in less than a dozen years, resigned from the semiconductor company on Thursday.
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Gravity was defied, but it couldn't be denied
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Micron Technology ( NASDAQ:MU) stock dodged a bullet yesterday. After analysts at Lynx Equity Strategies downgraded the computer-memory maker to "sell" on Thursday, you might have expected investors to react by, well, selling the stock. But instead, Micron shares eked out a modest 0.2% gain.
So what
So why did Micron escape damage yesterday but get caught today? Probably, the fact of the second downgrade coming so soon on the heels of the first added credence to Lynx's warning. Possibly, the confusing nature of Lynx's warning also contributed to investors' decision to give Micron a pass yesterday.
Now what
Thus, while many other analysts think Micron can look forward to 50%-plus gross margins on its products next year, Lynx now believes that margins in "the high 40s%" are more likely as demand begins to wane.
What did Steve Appleton do after college?
Appleton graduated from BSU with a bachelor's degree in business. He wanted to play tennis professionally after college. He played the Satellite Circuit and some professional tournaments, but didn't think he was good enough to make a living at it. He returned to California to start a master's program in computer science at California Polytechnic State University, Pomona. But the timing wasn't right, and he needed to wait a couple of months because the university was on a quarter system. He returned to Boise to visit friends while he waited. He decided he needed a job, so he visited Payne to seek advice on where he should work. Payne knew Joe Parkinson, one of Micron's founders, so he connected the two.
What sports does Steve Appleton play?
"He was the most focused person I've ever met in my life," Jackson says. "I can beat him at golf and racquetball, but nothing else." Former teammate and college roommate Mark Jackson says Appleton excels in sports ranging from weight lifting to ping pong. He admits that if Appleton puts his mind to it, he can probably conquer him in golf and racquetball too. "The thing that's so uncanny about Steve is that he's so good at so many things," Patton says.