Micron Technology: Ragtop Redux

(Source: Seeking Alpha) Former Micron Technology CFO, Ron Foster, issued billions of dollars worth of toxic convertible securities and hedged them poorly. I first wrote about this train wreck in April of 2014. Apologists say that this was the only finance possible to secure the Elpida transaction. Bunk! Micron had ample support from Apple (AAPL) to …