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MICRON TECHNOLOGY PREDICTS GOOD RESULT FOR 3Q

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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CBR Staff Writer

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