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ID: 1199580 • Letter: N
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need a summary of this article please u erly obtained a witness's testi- ueaings prosecution filings amounts to New Year Could Reboot Micron BY STEVEN RUSSOLILLO ter was $1.01 a share in Feb- Year to Forgetruary. Helping matters, Mi- cron has benefited from the booming mobile market with its NAND flash memory chips, which store data in smartphones and other de- vices. In its prior quarter, mobile made up 27% of Mi cron's revenue, up from 22% in the year-earlier period. It has been a horrible, no good, very bad year for memory-chip maker Micron Micron's stock price in 2015 $35 30 25 20 Technology Inc. Techmo lood news? It proba- The good news? It proba- bly can't get significantly worse. AHEAD OF THE TAPE Slowing de- mand for per- sonal comput- Micron also has been ac- quisitive. Earlier this month, it purchased the remaining 67% stake in Taiwan's Inot- ers has hit 15 Micron hard. More than 60% of Micron's revenue comes 10 from dynamic random access FMA Ml lj lAls lolNlD era Memories Inc, that it memory, or DRAM, a key component in PCs. Micron's stock has lost 60% of its value from a year ago. Profits and revenue have fallen didn't already own. Micron should now be able to get In- otera DRAMs at cost, rather than paying a higher price. tory, a trend that isn't ex pected to repeat in 2016, ac- cording to Morgan Stanley. sharply. Margins have com Analysts also have set an bargain compared with in- pressed. And Tuesday's fiscal incredibly low bar for Mi dustry peers. Shares fetch cron's fiscal first quarter ended in November, Any signs of a stabilizing DRAM Micron also trades at a first-quarter results likely will underscore a difficult operating environment. about 9.6 times projected earnings over the next 12 months. By comparison, the PHLX Semiconductor Index sports a multiple of 14. market could be all the stock But Micron historically has been a volatile stock, one that has traded on the ebbs and flows of the cyclically driven computer-chip busi- ness. This past year proved to be one in which customers drew down memory inven- needs for at least a bounce. Analysts polled by FactSet expect Micron to report quarterly earnings of 22 cents a share, down sharply from 97 cents a year ago. The forecast for this quar- Micron may not have hit rock bottom but appears close. This year may soon be no more than a bad memory Email INDEX Cash CaExplanation / Answer
This article is for micron technology. There profits have started fallen. Article starts by saying that there is a reduced demand of personal computer and there main business is through DRAM (dynamic random access memory)
There profits have fallen down and margins are compressed . This current year has been completely customer driven but next year is being predicted to be better according to morgan stanley.Any sign of stabilizing market will help micron to gain in share market.
There NAND memory chips has been a success which are used by smartphones and other devices.
They have purchased 67 percent share in taiwan memories they now should fight for price senstivity. They are about to touch the bottom this year.
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