This item is an extremely rare American Bank Note Company working proof and vignette sheet for a Micron Technology stock certificate.
Working proofs were used during the American Bank Note pre-production process. Each piece details the intricacies of the old fashioned cut-and-paste method in which the designs were developed. The proof was subsequently circulated amongst American Bank Note Company officials and the executives of the customer (in this case Micron Technology) for editing and approval. The markings from this process are evident on the layers of the proof and the distribution folder as detailed by the images below. Once the approval and editing process was completed, the mass production of the certificate occurred for distribution to eventual shareholders. This unique item offers a glimpse into the bank note approval and printing process.
Working proof (1 piece), vignette sheet (1 piece), mounted inside an ABN working folder.
This item is presented in a folder-like style. It is an oversized, rigid hard board that measures 12 1/2" (w) x 8 1/2 (h) when closed. It opens exactly as a manilla folder would. There is an outside front cover, inside top panel, inside bottom panel and an outside back panel.
The main proof (pictured above) is located on the inside bottom panel, and is covered by two clear layers with the working markings from the editing process. The picture below shows what the proof looks like with the first layer pulled back:
The image below shows the proof sheet with both layers pulled back:
The piece is mounted to the inside bottom of the folder.
The outside front of the folder has approval markings as pictured below:
The outside back cover is blank with no markings.
The inside top panel of the folder contains a mechanical of the vignette that appears in the lower center of the proof certificate:
This piece is mounted on hardboard and then mounted to the inside of the folder.
Micron was founded in Boise, Idaho, in 1978 by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman. Startup funding was provided by local Idaho businessmen Tom Nicholson, Allen Noble, and Ron Yanke. Later it received funding from Idaho billionaire J. R. Simplot, whose fortune was made in the potato business. In 1981, its first wafer fabrication unit ("Fab 1") was completed and Micron was producing 64K DRAM chips. A second fab was completed in late 1984 to produce 256K DRAM chips. By focusing on being a low-cost producer, Micron survived numerous collapses in the DRAM market which caused many competitors to leave the industry. One of the most vicious was in 1985, when allegations of Japanese import dumping fueled a price collapse that caused DRAM inventor Intel to leave the market. Micron survived and eventually acquired the memory businesses of rivals Texas Instruments in 1998 and Toshiba in 2001. These acquisitions gave Micron an international presence with production facilities in Italy, Singapore, and Japan. Today Micron is the only DRAM manufacturer in the United States and its primary competitors include Samsung, Hynix, and Elpida. In 1994, founder Joe Parkinson retired as CEO and was replaced with current CEO Steve Appleton.
In the early 1990s the company formed Micron Computers (later known as Micron Electronics) to manufacture PCs. The subsidiary was based in nearby Nampa, Idaho, and sold computers under the brand names Micron, and later, MicronPC & MicronPC.com.
In 1998 Micron Technology acquired Rendition, a maker of 3D graphics chips.
Control of Micron Technology's Internet business, Micron Internet Services, was transferred to Micron Electronics in 1999. Micron Electronics took on a new focus - bundling computers and Internet services. Controversial MEI CEO Joel Koecher purchased Internet firm HostPro (Web.com), merging it in to the company.
In 2001, the computer-making and Internet business were split. The Internet assets were merged with Interland Inc, which changed its name to web.com, and all ties to Micron Technology were severed. The computer-making operations were sold to Gores Technology Group, which later re-branded the MicronPC brand name to "MPC Computers". MPC Computers, owned by the MPC Corporation (formerly HyperSpace Communications, Inc.) operated out of nearby Nampa, ID. MPC declared bankruptcy in November 2008 and ceased operations.
In June 2007, Steve Appleton gave up the title of President to COO Mark Durcan. In March 2008, Micron launched Aptina Imaging, a spin-off of its CMOS Image Sensor Division. Aptina Imaging was partially sold to a group including TPG and Riverwood Capital, and became an independent, privately held company in July 2009. Micron remains a partial owner in the company.
On February 10, 2010, Micron agreed to buy flash-chip maker Numonyx for about $1.27 billion. Micron will issue 140 million shares to Numonyx investors: Intel Corporation, STMicroelectronics and Francisco Partners. - from: www.answers.com
See Additional American Bank Note Company Proofs