2.04.2012

Steve Appleton, daredevil CEO of memory chip maker Micron, dies in Boise plane crash

Boise, Idaho - The head of the memory chip maker Micron, known for taking risks in the piloting of the action, died Friday when a small experimental plane he was piloting a sharp turn, clogged and damaged a section near Idaho.

Steve Appleton, who survived a similar accident eight years ago and has a reputation as a reckless driving hard, the only person on a plane, when according to witnesses, crashed shortly after taking off the two businesses in Boise, according to the security researchers.

Appleton's death was confirmed by Micron Technology Inc., the Council received a high-octane entertainment as part of the only work hard and play hard character. Corporate governance experts have raised questions about the latest Appleton, the CEO, should be a fascinating hobby twice as risky as driving.

Micron shares are up 23 cents to $ 7.95 on Friday before trading was halted for the announcement.

"Steve's passion and energy that left an indelible mark on the micron, the community of Idaho and the technology industry in general," said Micron's board of directors in a statement.

Micron is one of the companies that make semiconductor chips for various devices, including computers, mobile devices, cameras, vehicles and industrial systems. This makes the products under the Lexar and valuable, and Idaho is one of the largest and most influential.

The company stock traded between $ 3.97 and $ 11.95 the previous year. In the most recent fiscal year ending September 1, Micron earned $ 167 million, or 17 cents per share on revenue of $ 8.8 billion.

The 51-year-Appleton did not file flight plans and all indications are planned to remain in place for recreational aviation, researchers say.

In Zoe Keliher, researchers at the Air National Transportation Safety Board said the accident occurred during the second attempt to Appleton to fly in the morning. He said the first flight ended abruptly Appleton - the witness said the plane is only about 5 feet (1.5 meters) above the ground - when he landed and returned to the hangar for five minutes.

Keliher said witnesses reported the plane and then back to the runway to take off again, but soon Appleton told the tower he wanted to turn around and land again. The plane was about 100 or 200 feet (30 to 60 meters) into the air before witnesses say it was damaged and burned. Appleton body was thrown from the rubble.

Keliher said the remains of the pilot is not immediately recognizable, but Appleton portfolio and other assets in the ruins. He said the body was fingerprinted by the authorities.

Sunny weather. Keliher said investigators plan to look for signs of equipment failure or other problems.

The airport spokeswoman Patti Miller said the fixed-wing aircraft with the proposition Lancair aircraft, built from a kit.

Federal Aviation Administration records show the number of the tail of the plane was registered to Aviation LLC Raleighwood damaged in North Carolina.

It was released in 2007 and introduced an "amateur built" category.

As the Lancair aircraft attracted the attention of the National Transportation Safety Board, which is in the midst of its safety studies. Last year, the agency examined 222 accidents and amateur built experimental aircraft in which 67 people died. More than half of the airline involved to buy used rather than generated by the current owner.

Doug Meyer, the company's marketing and sales manager, declined to comment on the accident, said the company knew at least.

"Lancair aircraft are completely safe," he said.

In July 2004, Appleton suffers punctured lung, head injury, herniated discs and fractures after his stunt plane crashes in the desert east of Boise.

After the accident, Appleton did not immediately indicate the severity of injury of damage, and a Micron spokesman described as Appleton retain only a few, but "bumps and bruises." In 2006 an expert in disclosure corporate governance began to ask about the accident.

Appleton's death came a week after the company president and COO, D. Mark Durcan, announced plans to retire in August. Mark W. Adams, Micron vice president of global sales, was named to succeed Durcan.

Micron spokesman Francisco said Durcan and take responsibility for the company's CEO until the Board shall appoint a successor to Appleton.

Council plans to meet with the end of the week to discuss next steps.

Obituary of Appleton has soared the great support of the leaders of Idaho, by the Governor. CL "Butch" Otter praised him as a champion and a visionary entrepreneur who "understands the value and profitability."

Appleton, Micron's face for most Idahoans. This company has helped the technology boom of Idaho and is known for giving charity, recently donated $ 13 million for a new building at Boise State University.

Appleton started the factory floor of Micron in 1983 and worked his way up. In 1991 he was named president and COO of Micron, and in 1994 he was appointed to the post of president, CEO and president. He served as CEO and president in 2007.

Appleton, various types of aircraft, piloted in the air to escape and often fly a plane over Idaho. He has a tendency to other adventures as well: In 2006, he won the SCORE Tecate 20 cars Baja California Baja Challenge Class of 1000, completed 1047 miles (1685 km) extends from Enseneda La Paz, and 25 hours 25 minutes, 30 minutes ahead of his nearest rival.

At the same time, Appleton said he was not worried about putting himself and his executive team behind the wheel for the race, often brutal blows and remote terrain.

"I do not know what could be worse than being in the memory business to take risks," he said. "If we want a business, monopoly stable, I will probably be resistance from my executive team to do that, but all are dying to go."

Micron shares are up 23 cents to $ 7.95 yesterday before trading was halted on Friday afternoon for the announcement. The company stock traded between $ 3.97 and $ 11.95 the previous year.

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