LONDON – Memory chip company Micron made a net loss for its second quarter of fiscal 2013, which ended on Feb. 28, of $286 million on net sales of $2.078 billion. Sales were up sequentially by 13.3 percent from $1.834 billion in the first fiscal quarter and roughly flat with the same quarter from a year before.
In the first quarter of its fiscal year Micron Technology Inc. (Boise, Idaho) made a net loss of $275 million which it attributed, in part, to a manufacturing glitch.
In the second quarter Micron said $120 million was lost on currency hedging related to the planned acquisitions of Elpida Memory Inc. and Rexchip Electronics Corp. In addition the results included a loss of $62 million associated with the expected sale of the company's wafer fabrication facility in Avezzano, Italy, to Lfoundry.
DRAM revenues were up 24 percent compared with the first quarter; resultin from a 38 percent increase in sales volume partially offset by a 10 percent decrease in average selling prices (ASPs), Micron said. NAND flash memory sales were 8 percent higher sequentially and NOR flash memory sales were 14 percent lower than the previous quarter.
Micron ended the quarter with cash reserves of $2.8 billion.
Micron is a particularly sobering case study. Since they offer all the mainstream memories, NAND, DRAM, NOR, MCP, you figure they covered all their bases. But if we consider DRAM as the main bread and butter, then Samsung and SK Hynix together are already the national monopoly. South Korea is the new Japan.
i start to doubt the MM's performance, durcan seems immature and weak, adams just don't have the experience and IQ to handle a COO position.
the good news is all competitors (minor one) is gone, easier to build monopoly now. nb will dump their inventory like no tomorrow.
bad news, excution sucks, they don't understand asian culture but moved deep inside asia. they don't know the difference between shit and bread in asia.
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