Thursday, July 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft pays up to $250,000 for Windows 10 bugs
Foxconn Announces U.S. Manufacturing Plant in Wisconsin
Facebook has more that 2 billion users, profit and revenue soar
Meizu Announces New Dual-screen Pro 7 and Pro 7 Plus Smartphones
Kaspersky Lab Launches Free Antivirus Software
Nintendo's Earnings Boosted by Switch Console Sales
GPUs and Ryzen Processors Help AMD's Financial Figures
Razer Tiamat Flagship Headsets Released
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Posts Record Revenues in fiscal 3Q17
Micron Lexar Removable Storage Retail Business Discontinued
Crucial BX300 SSD Coming This Summer
Micron's GDDR5X Memory Hits the 16Gbps, Mass Production of GDDR6 on Track For Next Year
SK Hynix and Micron Try To Catch up With Samsung in 10nm DRAM Production
Micron Announces a 4-server-node, All-flash, Accelerated Ceph Storage Solution
Micron Unleashes the Power of NVMe Storage, With New SolidScale System
Micron Says Former Employees Gave Away DRAM Technologies To Chinese Competitors
Micron's 1xnm DRAM Process Has Low Yields, Says Report
Micron's Revenue Increased Due To Strong Memory Chip Sales
Micron Establishes New Back-end Site DRAM in Taiwan
Micron's 2017 Roadmap Includes 64-layer 3D NAND And GDDR6

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .