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March 17, 1987

MICRON TECHNOLOGY EXPECTS FISCAL SECOND QUARTER LOSS

By CBR Staff Writer

Business is growing again at the one surviving specialist US memory chip maker Micron Technology Inc, Boise, Idaho – but so are the losses: the company, which still looks to the US-Japan chip trade agreement to revive its business, says that it expects to report a fiscal second quarter loss of $11m, up from the $9.7m it reported for the first quarter to December 4 – but that revenue should have more than doubled to about $20.4m compared with the $9.4m it recorded in the quarter to March 4, 1985; the company has shrunk the die size of its 256K part, and has begun sampling its next generation 1M-bit chip.

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