Feeds

Micron sees sales slump, vague on Hynix progress

Signs of DRAM life

  • alert
  • submit to reddit
ComputerWire: IT Industry Intelligence

Micron Technology Inc pointed to signs of life in the memory market when it released its second quarter results yesterday.

However, the Boise, Idaho-based company gave little indication of progress in its protracted takeover talks with foundering rival memory giant Hynix.

Sales were down 39.4% to $645.9m in the quarter to February 28. Operating losses were $59m, compared to losses of $41m a year ago, while net losses were $30.4m, compared to last year's $88.3m loss. For the year to date, sales were down 59.4% to $1.1bn, while net losses were $296.3m, compared to a profit of $263.9m a year ago.

Steve Appleton, Micron's chairman, president and CEO, acknowledged the company had been in talks with Hynix for some time, but could offer no firm details on when the talks might conclude, if at all.

Both firms continued putting their positions forward, he said, but then also had to go back and forth to their relevant constituencies. "We're going to keep
moving forward until we see something that is realistic," he said.

Aside from the talks with Hynix, the company said it was seeing some signs of life in the memory market, whose fortunes have declined in line with the slump in PC sales. The market had continued to show "greater strength than anyone had foresaw" in the wake of the holiday period.

The company was benefiting as PC vendors loaded up their systems to cope with the demands of Windows XP.

In addition, recent weeks had seen "signs of life" in the commercial market, particularly for server memory the company said. And things had greatly stabilized in the firm's networking and wired communications business.

© .ComputerWire.com. All rights reserved.

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.