On September 29, Micron Technology, Inc. (NYSE: MU), the leading memory chipmaker, reported its fourth quarter and fiscal year 2009 results. Although the company booked its fourteenth straight quarterly loss, there was one bright spot in that losses were less than last year and beat estimates. Micron’s shares have more than quadrupled since the beginning of the year. Are these signs that with the memory market is also recovering? Let’s take a closer look.
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