Micron Technology at a loss
No fun being a DRAM maker right now
Posted in Business, 30th March 2001 18:39 GMT
Increase your knowledge of the latest threats to your busines
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. ®
Related Stories
Micron dumps PC biz, morphs into Web hoster
Micron cuts kit spend on 'slight' profit
DRAM price rise shock horror!
See what The Register's experts have to say on application security


The future of SaaS and IT infrastructure management
The Total Economic Impact of Dell's PC products and services
The best practices guide for application security
Reducing messaging and web security costs with managed services

Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter