SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
February 27, 1996
MICRON ELECTRONICS, INC.
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(Exact name of registrant as specified in charter)
Minnesota
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(State or other jurisdiction of incorporation)
0-17932 41-1404301
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(Commission File No.) (IRS Employer Identification Number)
900 East Karcher Road
Nampa, Idaho 83687
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(Address of principal executive offices)
(208) 465-3434
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
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See the following press release, dated February 27, 1996,
announcing certain changes in the manufacturing operations of the
Company:
FOR IMMEDIATE RELEASE
Contact: Steve Laney
Micron Electronics, Inc.
(208) 893-3900
Website URL<http://www.mei.micron.com
Fax-on-demand: 1-800-926-0993
MICRON ELECTRONICS, INC., CLOSING MINNEAPOLIS MANUFACTURING
OPERATION
February 27, 1996, Boise, Idaho -- Micron Electronics, Inc.
today announced it will discontinue its Minneapolis manufacturing
operations effective April 30, 1996. This action will not include
the Company's Minneapolis call center which will continue its sales
and technical support for Micron's product lines. The Company also
confirmed that it will be discontinuing sales of the Company's ZEOS
line of personal computers. Technical and warranty support for
ZEOS brand personal computers will continue to be provided by the
Company.
Approximately 300 jobs in the Minneapolis manufacturing
operations will be affected by today's announcement, although
qualified candidates will have the opportunity to apply for
alternative positions within the Company, including positions in
the Minneapolis call center and at other Company locations.
The Company plans to take an approximate $30 million
restructuring charge, including provision for the disposition of
inventory, write-off of goodwill and other costs associated with
the discontinuance of operations. Due to this restructuring charge,
the Company expects to report a net loss for the Company's 2nd
fiscal quarter of 1996 when its results are announced in March.
Micron Electronics, Inc., manufactures electronic products for
a wide range of computing and digital applications. The Company
develops, markets, manufactures and supports PC systems for
consumer, business, and government use, provides contract
manufacturing services to original equipment manufacturers and
maintains a component recovery operation. The Company is
approximately 80 percent owned by Micron Technology, Inc. Micron
Electronics, Inc., common stock trades on the NASDAQ Stock Market
under the symbol MUEI. More product information is available by
calling 1-800-515-9197 or via Micron Electronics home page on the
Internet at http://www.mei.micron.com.
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Signatures
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
MICRON ELECTRONICS, INC.
By: /s/ T. Erik Oaas
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T. Erik Oaas
Vice President, Finance and
Chief Financial Officer
Date: February 29, 1996
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