In the first quarter of fiscal 2009, the company generated $359 million in cash flow from operating activities and ended the quarter with cash and investments of $1 billion.
The company has reported net sales of $1.4 billion for the first quarter of 2008, compared with net sales of $1.5 billion for the same period in 2007.
Sales of the company’s memory products in the first quarter of fiscal 2009 decreased 4% compared to the preceding quarter as a result of decreases in market selling prices for the company’s products, partially offset by a higher sales volume.
The company’s sales measured in gigabits increased 35% and 40% for DRAM and NAND flash products, respectively. Average selling prices for the company’s memory products decreased 34% and 24% for DRAM and NAND flash products, respectively.