Thursday, October 30, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
YouTube Now Supports 60fps Videos
Samsung Brings Gear S to U.S. Next Week
Corsair Introduces Sabre RGB Mice For Gamers
Ubisoft's Assassin's Creed Unity Included with Purchase of Samsung UD590 Monitor or 850 PRO Series SSD
Apple's Tim Cook Declares His Sexual Orientation
Motorola Becomes Part Of Lenovo
US Film Industry Wants To Ban Smartwatches And Smart Glasses From Theaters
MSI Releases The X99S MPower Motherboard
Active Discussions
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Questions durability monitor LCD
 Home > News > PC Parts > Micron ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 21, 2013
Micron Reports Losses For Second Quarter


Memory chipmaker Micron Technology on Thursday posted a quarterly net loss but its revenue was higher than expected as it sold more DRAM chips.

For the second quarter, Micron Technology, Inc had a net loss attributable to Micron shareholders of $286 million, on net sales of $2.1 billion. The results for the second quarter of fiscal 2013 compare to a net loss of $275 million, or $0.27 per diluted share, on net sales of $1.8 billion for the first quarter of fiscal 2013, and a net loss of $282 million, or $0.29 per diluted share, on net sales of $2.0 billion for the second quarter of fiscal 2012.

Results of operations for the second quarter of fiscal 2013 include losses of $120 million from changes in the market value of the company's currency hedges entered into in connection with its planned acquisition of Elpida Memory and Rexchip Electronics. The results also include a loss of $62 million associated with the expected sale of the company's 200 millimeter wafer fabrication facility in Avezzano, Italy, in the first half of calendar 2013.

The company's consolidated gross margin improved to 18 percent in the second quarter of fiscal 2013 compared to 12 percent in the first quarter of fiscal 2013. Gross margin improvements were realized from sales of NAND Flash products and from sales of DRAM products due to decreases in manufacturing costs.

"We were pleased with the overall improvement in our operational performance and excited to see the effects of our restructured partnership with Inotera drive bit shipment growth during the quarter. We believe the resultant increase in capacity from existing industry production will provide us the scale we need to reinforce our leadership position," said Micron CEO Mark Durcan.

Revenues from sales of DRAM products in the second quarter of fiscal 2013 were 24 percent higher compared to the first quarter of fiscal 2013, due to a 38 percent increase in sales volume partially offset by a 10 percent decrease in average selling prices. Revenues from sales of NAND Flash products were 8 percent higher in the second quarter of fiscal 2013 compared to the first quarter of fiscal 2013, primarily due to a 13 percent increase in Trade NAND Flash sales volume. Sales of NOR Flash products were 14 percent lower in the second quarter of fiscal 2013, compared to the first quarter of fiscal 2013, due to decreases in sales volumes and average selling prices.


Previous
Next
Zynga Opens Its Gaming Site        All News        Skype, Spotify and Angry Birds Creators Advise EU
Intel To keep LGA Packaging Until 2015     PC Parts News      HPC Server Market Delivers Record Revenues in 2012

Get RSS feed Easy Print E-Mail this Message

Related News
Micron, Wave Systems, Lenovo and American Megatrends To Create New Standard to Tackle Pre-boot Threats Within the Supply Chain
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Micron Launches SDK For Its Automata Processor
Micron M600 SSD Released With Dynamic SLC Cache
Tessera and Micron Execute New Technology and Patent License Agreements
Micron Announces Monolithic 8Gb DDR3 SDRAM
Micron, SK Hynix May Invest In Taiwan SSD Controller Companies
Micron to Discuss Emerging Memories at 2014 Symposia on VLSI Technology and Circuits
Crucial Starts Sampling DDR4 Server Memory
Micron Releases New Solid State Drive For Data Centers
Micron, MediaTek Consider Investments In Kingston Solutions
Micron and Wave Systems Collaborate to Secure Connected Devices

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .