View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 7, 2009

Micron reports ninth straight quarterly loss

Revenue from NAND Flash products decreased 20% compared to the Q1

By CBR Staff Writer

Memory chip maker Micron Technology has reported a second-quarter net loss of $751m, its ninth-consecutive quarterly loss, against a loss of $777m in the year-ago quarter, on revenue down 26.9% at $993m.

It made an operating loss of $708m, against $772m last year. The loss per share was $0.97 compared to a loss of $1.01 last year.

During the quarter the company incurred a restructuring charge of $105m, including $17m of employee-related costs and $87m of equipment write-downs.

It said sales volumes for DRAM products remained relatively stable while revenue from NAND Flash products decreased 20% compared to the first quarter.

For the first six months, it reported a net loss of $1.4 billion, against a loss of $1 billion in the same period last year, on revenue down 17.2% at $2.3 billion.

Steve Appleton, chairman and chief executive at Micron, said: We are actively managing our overall cost structure, capital expenditures, and technology execution, which are driving our operating margins ahead of industry trend lines. Notably, our 34nm NAND technology is ramping rapidly and is providing a competitive differentiation in this challenging economic environment.

Content from our partners
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU