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DCG controls the operation of a hydroelectric plant, land
development, Simplot International (primarily in Hungary, Poland,
and Argentina), and former aquaculture operations that now grow
produce, such as tomatoes. For the 9 months ended May 31, 1993,
DCG had combined gross revenues of approximately $2.5 million.
C. Equity Investment
In addition to its operating assets, as of the valuation date
J.R. Simplot Co. held 5,259,800 shares of Micron Technology, Inc.
(Micron Technology), common stock. This interest represented 13.36
percent of the shares of Micron Technology common stock
outstanding.
Micron Technology manufactures and markets semiconductor
memory components and personal computers. It has operations that
directly or indirectly serve the computer, telecommunications, and
office automation industries. It competes in the manufacturing and
marketing of semiconductor memory components, the production of
memory-intensive modules and board-level products, the assembly and
selling of IBM-compatible personal computers, and the design and
development of new technologies relating to fueled emission flat
panel displays.
The shares of Micron Technology stock are traded on the New
York Stock Exchange. On decedent's date of death, shares of Micron
Technology stock were trading at $34.63 (the mean between the high
and low selling price per share of Micron Technology on the New
York Stock Exchange); the closing price was $34.875 per share.
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