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Stronger market, stronger Micron
It has been reported that shares of Micron Technology rose today after the company announced a surprise first quarter profit on strong demand for memory chips.
[blockquote]The Boise, Idaho-based company had net income of $1 million for the first quarter of its fiscal 2004, which ended Dec. 4, on sales of $1.1 billion. That compares to a $316 million net loss on sales of $685 million in the same period a year earlier.
The results also increased sequentially from the company's fiscal fourth quarter because of an approximate 15 percent increase in megabits sold and a 7 percent increase in average megabit selling prices. That reflected a trend toward improved market conditions across the semiconductor industry, and cost reductions were a factor as well, the company said.
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[link=http://zdnet.com.com/2100-1103_2-5133314.html]The full report[/link]
[blockquote]The Boise, Idaho-based company had net income of $1 million for the first quarter of its fiscal 2004, which ended Dec. 4, on sales of $1.1 billion. That compares to a $316 million net loss on sales of $685 million in the same period a year earlier.
The results also increased sequentially from the company's fiscal fourth quarter because of an approximate 15 percent increase in megabits sold and a 7 percent increase in average megabit selling prices. That reflected a trend toward improved market conditions across the semiconductor industry, and cost reductions were a factor as well, the company said.
[/blockquote]
[link=http://zdnet.com.com/2100-1103_2-5133314.html]The full report[/link]
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