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  1. Technology
May 23, 1988

MICRON TECHNOLOGY PREDICTS GOOD RESULT FOR 3Q

By CBR Staff Writer

Memory chip maker Micron Technology Inc, Boise, Idaho discloses in its registration statement for its share issue (see page five) that as a result of improved market conditions and an increase in output, it looks for net sales and net income for the fiscal third quarter to June 2 to improve on those for the fiscal first and second quarters, at about $29m net or $1 a share on sales of $85m; the figures will reflect a pretax provision for process and product rights charges of about $8m, and Micron anticipates further provisions in future: underlining the transformation in the company’s prospects is underlined by the fact that a year ago, Micron lost $3.7m on turnover of $22.8m.

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