Here is an interesting tid-bit from the filing. The ASP for both Q1 2000 and Q1 1999 was about the same, breaking the huge downtrend which I summarize below, but Q1 2000 resulted in 564 million profit and Q1 1999 in 57 million loss. This indicates some rather impressive efficiency gains. Said ASP Q2 would be less than Q1, but did not quantify. If followed 1999 trend down, would still result in substantial profits due to year over year efficiency gains. If someone saw more about future in the filing, please post.
ASP pricing down 37% in 1999, 60% in 1998, 75% in 1997. Wow! Hard to believe many out there want to jump into this business given other great opportunities. Maybe this commodity market has bottomed like so many others have in base metals, energy, and maybe even this year the grains (get a good drought maybe).
PC business with all its new ventures into web hosting etc is a bit confusing to me. Maybe MU should spin all of it off or something.
Also mentioned that TI and INTC held 44.7 million shares (17% of Micron) as of 12/2. There was some other stuff about convertible debentures as well.
Also discussed possible risks about transitioning to higher bandwidth memory products. Hard to tell what is boiler-plate vs what is real. Hopefully some of the expert analysts will weigh in.
Mentioned that 39% of sales, and growing are International, and that PC business was about 87% of demand.
Here's to a good annual meeting, and hopefully no downgrades.
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