Micron reports surge in quarterly sales
By Bloomberg News
Special to CNET News.com
September 27, 1999, 4:55 p.m. PT
NAMPA, Idaho--Micron Electronics, the No. 3 direct seller of personal computers,
said fiscal fourth-quarter sales soared on growth in chip sales and wider margins
on personal computers.
Net income in the quarter ended September 2 rose to $13.7 million, or 14 cents a share,
from $7.2 million, or 8 cents, a year earlier. The company
was expected to earn 7 cents, the average estimate of
analysts surveyed by First Call.
Revenue fell 1.7 percent to $333.1 million from $339 million
for Micron Electronics, which is majority-owned by Micron
Technology, a maker of memory chips used in personal
computers and other electronics.
Computer makers such as Micron, Dell Computer, the
biggest direct seller of PCs, and Gateway face mounting
competition from companies such as Free-PC, which is
giving away machines to customers who agree to have
advertisements on their screens or to sign up for long-term
Internet service.
Nampa, Idaho-based Micron, like larger rival Dell, sells PCs
to customers over the phone and by the Internet. |
