Micron posts Q4 loss but says DRAM signs encouraging

Makes loss of $89 million

US Dram company Micron Technology has filed its fourth quarter and yearly financial results and has performed better than expected. The company lost $89 million net on turnover of $692 million for the quarter, less than Wall Street analysts had expected. The results were due to the continuing worldwide slump in memory prices, the company said in a statement. But Micron said that there were encouraging signs, with its fourth quarter sales better than in the third quarter. Steve Appleton CEO of Micron, known for his rumbustious views on alleged anti-dumping by South Korean memory manufacturers, said: "Current market conditions are encouraging." Earlier this week, US wires reported that Intel was interested in taking a minority stake in Micron. Both companies described the reports as speculation. ® Click here for more stories

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