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Micron Technology at a loss

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Micron Technology, America's only big DRAM maker, beat Wall Street forecasts for its second quarter, posting losses of $4.1 million for continuing operations.

The Idaho-based chipmaker saw a loss of one cent per share for the quarter ended March 1 - beating analysts' expectations of losses by two cents. This compares to a profit of $168.8 million, or 30 cents per share, for the same period last year.

Sales dropped to $1.07 billion from £1.2 billion. Revenue from its semiconductor business was $1.06 billion, with balance coming from Web hosting.

Total losses for the quarter - including those from the discontinuation of the company's PC manufacturing business at subsidiary Micron Electronics - came to $88 million, compared to a profit of $161.3 million a year ago.

Last week Micron Electronics said it would sell its PC manufacturing business and become a Web hoster through the acquisition of Interland. ®

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Micron dumps PC biz, morphs into Web hoster
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