Posts Tagged ‘Micron’

CEO of chip builder Micron dies in craft crash

Saturday, February 4th, 2012

The conduct of memory chip builder Micron, prolonged famous for holding risks in try piloting, died Friday when a tiny initial craft he was piloting steeply banked, stalled and crashed nearby an Idaho runway.

Steve Appleton, who survived a identical pile-up 8 years ago and had a repute as a hard-driving daredevil, was a usually authority aboard a craft when witnesses pronounced it crashed shortly after a second take-off try in Boise, according to reserve investigators.

Appleton’s genocide was reliable by Micron Technology Inc., a house supposed his high-octane hobbies as simply partial of a work-hard and play-hard personality. Corporate governance experts lifted questions in a past about either Appleton, as CEO, should be enchanting in a hobby as unsure as try piloting.

Micron shares were adult 23 cents during $7.95 Friday before trade was halted for a announcement.

“Steve’s passion and appetite left an memorable symbol on Micron, a Idaho village and a record courtesy during large,” Micron’s house of directors pronounced in a prepared statement.

Micron is one of many companies that make semiconductor chips for several devices, including computers, mobile devices, cameras, cars and industrial systems. It creates products underneath a Lexar and Crucial brands, and is one of Idaho’s largest and many successful employers.

The company’s shares have traded between $3.97 and $11.95 over a past year. In a latest mercantile year, that finished Sept. 1, Micron warranted $167 million, or 17 cents per share, and had income of $8.8 billion.

The 51-year-old Appleton hadn’t filed a moody devise and by all indications designed to stay in a area for a recreational flight, investigators said.

Zoe Keliher, atmosphere questioner with a National Transportation Safety Board, pronounced a pile-up happened during Appleton’s second try to fly that morning. She pronounced Appleton’s initial take-off finished abruptly – witnesses pronounced a craft usually got about 5 feet off a belligerent – when he landed and returned to a hangar for about 5 minutes.

Keliher pronounced witnesses reported that a craft afterwards returned to a runway to take off again, though Appleton roughly immediately told a building he indispensable to spin around and re-land. His craft was about 100 or 200 feet in a atmosphere before witnesses contend it crashed and held fire. Appleton’s physique was thrown from a wreckage.

Keliher pronounced a stays of a commander weren’t immediately identifiable, though Appleton’s wallet and other effects were among a debris. She pronounced a physique was being fingerprinted by authorities.

The continue was clear. Keliher pronounced investigators designed to demeanour for any justification of apparatus disaster or other problems.

Airport mouthpiece Patti Miller pronounced a aircraft was a fixed-wing column craft Lancair, that is built from kits.

Federal Aviation Administration’s annals uncover a tail series of a wrecked craft was purebred to Raleighwood Aviation LLC out of North Carolina.

It was made in 2007 and filed in a “amateur built” category.

Planes like a Lancair have held a courtesy of a National Transportation Safety Board, that is in a midst of a investigate of their safety. Last year, a group investigated 222 initial and amateur-built craft accidents in that 67 people were killed. More than half concerned planes that were bought used rather than carrying been built by a stream owner.

Doug Meyer, a company’s selling and sales manager, declined to criticism about a crash, observant a association knew really little.

“Lancair aircraft are utterly safe,” he said.

In Jul 2004, Appleton postulated a punctured lung, conduct injuries, ruptured hoop and damaged skeleton after his try craft crashed in a dried easterly of Boise.

After that crash, Appleton didn’t immediately exhibit a astringency of injuries his injuries, and during a time a Micron orator described Appleton as usually nutritious some “bumps and bruises.” But in 2006 a corporate governance consultant began doubt disclosures about a crash.

Appleton’s genocide came one week after a company’s boss and arch handling officer, D. Mark Durcan, announced skeleton to retire in August. Mark W. Adams, Micron’s clamp boss of worldwide sales, was named to attain Durcan.

Micron orator Dan Francisco pronounced Durcan is presumption a responsibilities of CEO until a company’s house appoints Appleton’s successor.

The house designed to accommodate over a weekend to plead a subsequent steps.

News of Appleton’s genocide sparked an escape of loyalty from Idaho leaders, with Gov. C.L. “Butch” Otter lauding him as a champion and idealist businessman who “understood a value as good as a cost of excellence.”

Appleton was a face of Micron for many Idahoans. The association was instrumental in a Idaho’s tech bang and is famous for free giving, recently donating $13 million for a new building during Boise State University.

Appleton started on a bureau building of Micron in 1983 and worked his approach up. In 1991, he was allocated boss and arch handling officer of Micron and in 1994, he was allocated to a position of chairman, arch executive officer and president. He insincere his position as CEO and authority in 2007.

Appleton owned several opposite forms of aircraft, piloted in atmosphere shows and frequently flew a planes over Idaho. He had a gusto for other adventures too: In 2006, he won a 20-car Baja Challenge Class of a SCORE Tecate Baja 1000, completing a 1,047-mile run from Enseneda to La Paz in 25 hours and 25 minutes, 30 mins forward of his nearest competitor.

At a time, Appleton pronounced he wasn’t disturbed about putting himself and his executive group behind a wheels for a pounding, mostly heartless competition over severe and remote terrain.

“I don’t know what could be worse than being in a memory business for risk-taking,” he said. “If we were in some stable, monopolistic business, I’d substantially get objections from my executive staff about doing this, though they’re all failing to go.”

Micron shares were adult 23 cents during $7.95 Friday before trade was halted in a early afternoon for a announcement. The company’s shares have traded between $3.97 and $11.95 over a past year.

Article source: http://www.thenewstribune.com/2012/02/03/2011170/micron-ceo-dies-in-plane-crash.html

Inotera Sees no Impact on Business from Micron CEO’s Death

Saturday, February 4th, 2012

February 03, 2012, 8:21 PM EST

By Tim Culpan

Feb. 4 (Bloomberg) — Inotera Memories Inc. expects no impact on a operations after a genocide of Micron Technology Inc. Chief Executive Officer Steve Appleton.

“He positively contributed a lot to a industry, we reputable him really much,” Inotera boss Charles Kau pronounced by phone today. “There should be no impact on a business.”

Inotera is a Taoyuan, Taiwan-based memory-chip creation try between Boise, Idaho-based Micron and Nanya Technology Corp, also of Taoyuan. Appleton died after an initial aircraft he was drifting crashed in Boise.

To hit a contributor on this story: Tim Culpan in Taipei during tculpan1@bloomberg.net

To hit a editor obliged for this story: Adela Lin during alin95@bloomberg.net

Article source: http://www.businessweek.com/news/2012-02-03/inotera-sees-no-impact-on-business-from-micron-ceo-s-death.html

Micron CEO killed in Idaho craft crash

Saturday, February 4th, 2012

  


The conduct of Idaho memory chip builder Micron died Friday morning when a tiny initial craft he was piloting crashed during a Boise airport, a association said.

Steve Appleton, 51, was a arch executive and authority of Micron and a veteran attempt commander who transient a identical craft pile-up in 2004 with critical injuries.

Micron orator Dan Francisco reliable Steve Appleton’s death, and trade in Micron bonds was halted. Flags during a company’s Boise domicile were lowered to half-staff Friday afternoon.

In a prepared statement, Micron’s house of directors said, “Steve’s passion and appetite left an memorable symbol on Micron, a Idaho village and a record courtesy during large.”

Micron Technology Inc. is one of many companies that make semiconductor chips for several devices, including computers, mobile devices, cameras, cars and industrial systems. It creates products underneath a Lexar and Crucial brands.

Appleton, a former motocross racer, was a usually one in a craft Friday. Ada County dispatch perceived reports of a craft that was on glow before it landed, and airfield mouthpiece Patti Miller pronounced a aircraft was a fixed-wing column craft Lancair, that is built from kits.

Planes like a Lancair have held a courtesy of a National Transportation Safety Board, that is in a midst of a investigate of their safety. Last year, a group investigated 222 initial and amateur-built craft accidents in that 67 people were killed. More than half concerned planes that were bought used rather than carrying been built by a stream owner.

Doug Meyer, a company’s selling and sales manager, declined to criticism about a crash, observant a association knew really small about it.

“Lancair aircraft are utterly safe,” he said, Questions have been lifted in a past about either Appleton should be enchanting in a unsure hobby. On Jul 8, 2004, Appleton postulated a punctured lung, conduct injuries, ruptured hoop and damaged skeleton after his attempt craft crashed in a dried easterly of Boise.

Appleton didn’t immediately exhibit a astringency of injuries he postulated in that crash, and during a time a Micron orator described Appleton as usually nutritious some “bumps and bruises.” But in 2006 a corporate governance consultant began doubt disclosures about a crash.

In a latest mercantile year, that finished Sept. 1, Micron warranted $167 million, or 17 cents per share, and had income of $8.8 billion.

Appleton’s genocide came one week after a company’s boss and arch handling officer, D. Mark Durcan, announced skeleton to retire in August. Mark W. Adams, Micron’s clamp boss of worldwide sales, was named to attain Durcan.

It wasn’t immediately transparent what impact Appleton’s genocide would have on Micron, that is one of Idaho’s largest and many successful employers. The association was instrumental in a state’s tech bang and is famous for free giving, recently donating $13 million for a new building during Boise State University.

Appleton started on a bureau building of Micron in 1983 and worked his approach up. In 1991, he was allocated boss and arch handling officer of Micron and in 1994, he was allocated to a position of chairman, arch executive officer and president. He insincere his position as CEO and authority in 2007.

Appleton owned several opposite forms of aircraft, piloted in atmosphere shows and frequently flew a planes in a skies over Idaho. He had a gusto for other adventures too: In 2006, he won a 20-car Baja Challenge Class of a SCORE Tecate Baja 1000, completing a 1,047-mile run from Enseneda to La Paz late Friday in 25 hours and 25 minutes, 30 mins forward of his nearest competitor.

At a time, Appleton pronounced he wasn’t disturbed about putting himself and his executive group behind a wheels for a pounding, mostly heartless competition over severe and remote terrain.

“I don’t know what could be worse than being in a memory business for risk-taking,” he said. “If we were in some stable, monopolistic business, I’d substantially get objections from my executive staff about doing this, though they’re all failing to go.”

Micron shares were adult 23 cents during $7.95 Friday before trade was halted in a early afternoon for a announcement. The company’s shares have traded between $3.97 and $11.95 over a past year.

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Micron Tech Swings to Loss

Wednesday, December 21st, 2011

Micron Technology Inc. reported a detriment for a mercantile initial entertain as weaker offered prices equivalent aloft volume and weighed on a chip maker’s margins.

Micron’s gain have slid this year on a unemployment in prices for energetic pointless entrance memory, a pivotal member in personal computers. Industry bellwether Intel Corp. combined to a forbidding perspective for a zone this month when it cut a quarterly income forecast, observant a necessity of …

Article source: http://online.wsj.com/article/SB10001424052970204464404577112921525791052.html

Micron Starts a Spin Machine, Turns Off Common Sense

Saturday, October 1st, 2011

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According to memory-chip hulk Micron Technology (Nasdaq: MU  ) , a PC marketplace is descending apart. Not a consumer computing market, mind we — only normal aged desktops and laptops. CEO Steve Appleton loves smartphones and tablets are entrance on strong, and a craving marketplace is humming along as always. Just be prepared for truckloads of bad news on a PC market.

That’s a takeaway from Micron’s fourth-quarter news on Thursday night: $2.1 billion of income was in line with researcher expectations, though a non-GAAP net detriment of $0.14 per share was not. Micron was ostensible to make money.

As we competence imagine, a profit-buster lurked in Micron’s margins. Last quarter’s 22% sum margins forsaken to 15% as prices on PC-bound DRAM memory chips fell by a floor. Other chip slingers are slicing behind their DRAM production, though Micron has no such market-improving plans. The approach Appleton spins it, a cost changes are driven by a miss of direct rather than oversupply.

Well, baloney. we contend tomato, we contend tomahto — supply is outstripping direct in this sub-market any approach we turn it, and that’s terrible news when DRAM is your biggest multiplication by revenue.

So in a end, shareholders in consumer-friendly PC players including Microsoft, Dell (Nasdaq: DELL  ) , and Western Digital (NYSE: WDC  ) should be sitting on pins and needles streamer into this gain season. As Micron puts it, pricing foe is removing some-more heated since of descending demand, and that sword cuts equally opposite each partial of a PC food chain. Appleton has some energy to urge a conditions in his possess backyard, though he won’t — not what we wish to hear as a Micron shareholder. Let’s see how a same maze plays out in other PC-centric markets.

Micron is now weighing on my CAPS score and real-world portfolio earnings like a steel anchor around my neck. we picked a terrible time to start both positions. However, Micron is essentially clever and can mess-up by tough markets like this one for years on end. My CAPS positions in Hewlett-Packard (NYSE: HPQ  ) and Advanced Micro Devices (NYSE: AMD  ) have left to early graves, during slightest in partial since of a diseased PC market, though we sojourn assured that short-term issues are holding behind Micron’s long-term value. Above all, investors seem to assume a misfortune probable outcome in the ongoing obvious litigation waged by Rambus (Nasdaq: RMBS  ) , and we don’t determine with that projected outcome. My calm should be rewarded in 2012 and beyond.

Start your possess CAPS position on Micron. You’re removing a most nicer starting cost than my $9.24 per share, we propitious duck.

Article source: http://www.fool.com/investing/general/2011/09/30/micron-starts-the-spin-machine-turns-off-common-se.aspx

Micron Starts a Spin Machine, Turns Off Common Sense

Saturday, October 1st, 2011

According to memory-chip hulk Micron Technology (NAS: MU) , a PC marketplace is descending apart. Not a consumer computing market, mind we — only normal aged desktops and laptops. CEO Steve Appleton loves smartphones and tablets are entrance on strong, and a craving marketplace is humming along as always. Just be prepared for truckloads of bad news on a PC market.

That’s a takeaway from Micron’s fourth-quarter news on Thursday night: $2.1 billion of income was in line with researcher expectations, though a non-GAAP net detriment of $0.14 per share was not. Micron was ostensible to make money.

As we competence imagine, a profit-buster lurked in Micron’s margins. Last quarter’s 22% sum margins forsaken to 15% as prices on PC-bound DRAM memory chips fell by a floor. Other chip slingers are slicing behind their DRAM production, though Micron has no such market-improving plans. The approach Appleton spins it, a cost changes are driven by a miss of direct rather than oversupply.

Well, baloney. we contend tomato, we contend tomahto — supply is outstripping direct in this sub-market any approach we turn it, and that’s terrible news when DRAM is your biggest multiplication by revenue.

So in a end, shareholders in consumer-friendly PC players including Microsoft, Dell (NAS: DELL) , and Western Digital (NYS: WDC) should be sitting on pins and needles streamer into this gain season. As Micron puts it, pricing foe is removing some-more heated since of descending demand, and that sword cuts equally opposite each partial of a PC food chain. Appleton has some energy to urge a conditions in his possess backyard, though he won’t — not what we wish to hear as a Micron shareholder. Let’s see how a same maze plays out in other PC-centric markets.

Micron is now weighing on my CAPS measure and real-world portfolio earnings like a steel anchor around my neck. we picked a terrible time to start both positions. However, Micron is essentially clever and can mess-up by tough markets like this one for years on end. My CAPS positions in Hewlett-Packard (NYS: HPQ) and Advanced Micro Devices (NYS: AMD) have left to early graves, during slightest in partial since of a diseased PC market, though we sojourn assured that short-term issues are holding behind Micron’s long-term value. Above all, investors seem to assume a misfortune probable outcome in the ongoing obvious litigation waged by Rambus (NAS: RMBS) , and we don’t determine with that projected outcome. My calm should be rewarded in 2012 and beyond.

Start your possess CAPS position on Micron. You’re removing a most nicer starting cost than my $9.24 per share, we propitious duck.

At a time this
article was published Fool contributor Anders Bylund owns shares of Micron though binds no other position in any of a companies discussed here. The Motley Fool owns shares of Microsoft and Western Digital. Motley Fool newsletter services have endorsed shopping shares of Microsoft and Dell and formulating a longhorn call widespread position in Microsoft. Try any of a Foolish newsletter services free for 30 days. We Fools don’t all reason a same opinions, though we all trust that considering a different operation of insights makes us improved investors. You can check out Anders’ land and a obvious bio, follow him on Twitter or Google+, or peruse our Foolish avowal policy.

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Article source: http://www.dailyfinance.com/2011/09/30/micron-starts-the-spin-machine-turns-off-common-se/

Intel demos ‘Claremont’ solar powered cpu during IDF 2011

Sunday, September 18th, 2011

During Intel’s keynote residence during Intel Developer Forum in San Francisco this past thursday, association Chief Technology Officer, Justin Rattner, suggested a low powered cpu able of  using only off solar energy.  The little processor, formula named Claremont, draws a tiny 10 milliwatts of energy. As we substantially already suspected, this near-threshold voltage processor won’t be violation any new benchmark records, though it can conduct medium tasks as demonstrated during a keynote residence during that a processor achieved underneath Linux.

The processor was interconnected with equally new unpractical DDR3 memory from Micron. It is touted as being a resounding 7 times some-more appetite fit than benefaction DDR3 memory. Micron has dubbed it as “Hybrid Memory Cube”.  Both technologies are initial so conjunction are approaching to entrance in a marketplace any time soon, though they were a tiny display of on going growth in a locus of ultra appetite fit solar-powered computing. Intel has stressed it’s idea of achieving 300 times larger appetite potency than that of currently over a march of a subsequent 10 years.

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Article source: http://www.examiner.com/technology-in-ft-myers/intel-demos-claremont-solar-powered-cpu-at-idf-2011

US Patents Awarded to Inventors in Idaho (July 17)

Sunday, July 17th, 2011



(Targeted News Service Via Acquire Media NewsEdge) Targeted News Service
Targeted News Service

ALEXANDRIA, Va., Jul 17 — The following sovereign patents were awarded to inventors in Idaho.

***

Micron Technology Assigned Patent for Photoresist Processing Methods

ALEXANDRIA, Va., Jul 17 — Micron Technology, Boise, Idaho, has been reserved a obvious (7,977,037) grown by 4 co-inventors for photoresist estimate methods. The co-inventors are Kevin J. Torek, Meridian, Idaho, Todd R. Abbott, Boise, Idaho, Sandra L. Tagg, Boise, Idaho, and Amy Weatherly, Boise, Idaho.

The epitome of a obvious published by a U.S. Patent and Trademark Office states: “A photoresist estimate process includes treating a substrate with a sulfur-containing substance. A positive-tone photoresist is practical on and in hit with a treated substrate. The process includes selectively exposing a apportionment of a photoresist to actinic appetite and building a photoresist to mislay a unprotected apportionment and to form a photoresist settlement on a substrate. The treating with a sulfur-containing piece reduces an volume of residual photoresist dictated for dismissal compared to an volume of residual photoresist that stays but a treating.”

The obvious focus was filed on Aug. 24, 2006 (11/510,010). The full-text of a obvious can be found during http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2Sect2=HITOFFp=1u=%2Fnetahtml%2FPTO%2Fsearch-bool.htmlr=1f=Gl=50co1=ANDd=PTXTs1=7,977,037OS=7,977,037RS=7,977,037

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

Micron Technology Assigned Patent for Method to Recover a Exposure Sensitivity of Chemically Amplified Resins from Post Coat Delay Effect

ALEXANDRIA, Va., Jul 17 — Micron Technology, Boise, Idaho, has been reserved a obvious (7,977,017) grown by Baorui Yang, Boise, Idaho, for a “method to redeem a bearing attraction of chemically amplified resins from post cloak check effect.”

The epitome of a obvious published by a U.S. Patent and Trademark Office states: “Methods of fabricating a photomask, methods of treating a chemically amplified resist-coated photomask blank, a photomask vacant ensuing from a methods, and systems for fabricating a photomask are provided. The process is useful for recuperating a bearing attraction of a chemically amplified conflict likely on a photomask vacant from a post-coat check effect.”

The obvious focus was filed on Nov. 2, 2010 (12/917,571). The full-text of a obvious can be found during http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2Sect2=HITOFFp=1u=%2Fnetahtml%2FPTO%2Fsearch-bool.htmlr=1f=Gl=50co1=ANDd=PTXTs1=7,977,017OS=7,977,017RS=7,977,017

Written by Satyaban Rath; edited by Hemanta Panigrahi.

For some-more information about Targeted News Service products and services, greatfully contact: Myron Struck, editor, Targeted News Service LLC, Springfield, Va., 703/304-1897; editor@targetednews.com; http://targetednews.com.

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Article source: http://www.tmcnet.com/usubmit/-us-patents-awarded-inventors-idaho-july-17-/2011/07/17/5641190.htm

Micron batch falls on 3Q microchip weakness

Saturday, June 25th, 2011

Micron Technology Inc. shares sank Friday after a company’s quarterly news missed researcher forecasts since of a dump in microchip sales.

THE SPARK: Micron Technology pronounced late Thursday that a mercantile third-quarter income fell roughly 7 percent to $2.14 billion as sales declined for a DRAM memory chips that go in personal computers and for peep memory for unstable wiring such as MP3 players.

The association warranted 7 cents per share for a entertain that finished Jun 2, compared with 92 cents per share in a same entertain final year. Last year’s entertain had enclosed a vast advantage and income taxation advantage from Micron’s squeeze of Numonyx Holdings BV. The many new entertain enclosed a assign to write down some taxation resources associated to Micron’s sale of a wafer phony plant.

Analysts polled by FactSet were looking for net income of 18 cents per share on $2.37 billion in revenue.

THE BIG PICTURE: In a discussion call with analysts, Micron CEO Steve Appleton pronounced a Mar trembler and tsunami in Japan harm a business and led to a income decline. Executives also pronounced consumer direct for PCs has declined, yet there has been expansion in direct for inscription computers.

ANALYSIS: In a note to clients, Citi Investment Research researcher Glen Yeung pronounced he expects chip bonds to be pressured by a subsequent gain season.

Micron did news increasing giveaway money flow, that might seductiveness investors, Yeung noted, though he cited remaining issues such as doubt about PC direct in a second half of a year and an expectancy that DRAM prices will continue to tumble in a nearby term.

Yeung kept his “Hold” rating for a batch and reduced his cost aim to $10.50 from $13.

SHARE ACTION: Shares of Boise, Idaho-based Micron fell $1.15, or 13.6 percent, to $7.28 in afternoon trading. During a past year, a batch has traded between $6.36 and $11.95.

Article source: http://www.businessweek.com/ap/financialnews/D9O2CA200.htm

Micron Misses in Q3, Shares Tumble

Friday, June 24th, 2011

Micron Technology Inc. (MUSnapshot Report) reported practiced third entertain 2011 benefit per share of 0 cents, that missed a Zacks Consensus Estimate of 17 cents.

The skip was mostly due to resigned PC sales, that adversely influenced a direct for memory chips. Management settled that Micron’s formula were rather influenced by stalled prolongation in Japan due to a earthquake. But government also settled that a association is no longer confronting any supply interruption.

Revenue

Micron reported income of $2.14 billion, down 6.5% year over year and 5.2% sequentially. The reported income was distant next a Zacks Consensus Estimate of $2.54 billion.

Revenue from a sales of DRAM products fell 7.0% from a before entertain as a outcome of a diminution in sales volume due to reduce PC sales. Revenue from sales of NAND Flash products was 5.0% reduce than a before entertain due to a 5.0% decrease in normal offered prices (ASPs), that is due to oversupply in NAND.

Operating Results

The company’s sum domain for a third entertain was 22.3%, adult from 19.3% in a before entertain though down from 37.1% in a year-ago quarter. The decrease was essentially due to reduce ASPs, partially equivalent by decreases in production costs.

Selling, ubiquitous and executive waste plunged 20.5% year over year to $151.0 million. Research and growth waste increasing 48.6% year over year to $211.0 million. The handling domain fell 1,720 basement points year over year to 5.4%.

Net income attributable to Micron was $75.0 million or 7 cents per share, compared to $939.0 million or 92 cents in a year-ago quarter. Excluding a outcome of a other income describe to benefit on sale of facility, restructuring gains and benefit on sale of property, plant and equipment, equity in net income (losses) and noncontrolling interests, practiced net income came during $0.0 million or 0 cents per share, compared to $518.0 million or 49 cents in a prior-year quarter.

Balance Sheet Cash Flow

Micron finished a third entertain with money and short-term investments of $2.40 billion, adult from $2.18 billion in a before quarter. Receivables were $1.50 billion, compared with $1.39 billion in a before quarter. Inventories increasing 5.7% from a before entertain to $2.1 billion. The association had $1.57 billion in long-term debt, adult from $1.32 billion in a before quarter.

Cash generated from operations was $589.0 million, compared to $809.0 million in a before quarter. Capital output decreased $306.0 million from a before entertain to $534.0 million.

Our Take

Micron’s third entertain formula were unsatisfactory as both tip and bottom lines badly missed a Zacks Consensus Estimates. The entertain even saw declines in ASPs.

However, some analysts trust that ongoing cost rebate fortify could lessen a inauspicious outcome of ASP declines to some extent, going forward. Moreover, Micron’s change in concentration from normal PC DRAM to specialty DRAM could also boost a fundamentals. Analysts are also certain about auspicious DRAM pricing in a nearby term.

Competition from SanDisk Corp. (SNDKAnalyst Report), a authorised scuffle with Rambus Inc. (RMBSSnapshot Report) and weakening PC sales are concerns.

Micron Technology has a Zacks #3 Rank, implying a short-term Hold recommendation.

Read a full researcher news on MU

Read a full researcher news on SNDK

Read a full researcher news on RMBS

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Article source: http://www.zacks.com/stock/news/55841/Micron+Misses+in+Q3,+Shares+Tumble