Micron was impacted by manufacturing glitch

Published:2012/12/26 0:59:00 Author:Ecco From:SeekIC

It was reported that Micron Technology Inc., a memory chip maker, was impacted by problems in manufacturing as well slow demand for some of its component types in the first quarter of its fiscal 2013 year.

Micron (Boise, Idaho) made a net loss of $275 million on revenues of $1.83 billion for the quarter ended Nov. 29, 2012. This compares with a net loss of $243 million on net sales of $2.0 billion for the fourth quarter of fiscal 2012, and a net loss of $187 million on net sales of $2.1 billion for the first quarter of fiscal 2012.

Micron reported revenues from NAND Flash sales were 4 percent lower in the first quarter of fiscal 2013 compared to the fourth quarter of fiscal 2012, due to a 9 percent decrease in sales volume, partially offset by a 5 percent increase in average selling prices.

Revenues from sales of DRAM products in the first quarter of fiscal 2013 were 9 percent lower compared to the fourth quarter of fiscal 2012 primarily due to an 11 percent decrease in average selling prices.

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