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Technology Stocks : Micron Only Forum

MU 237.94

-0.2%

Nov 7 9:30 AM EST

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To: Bipin Prasad who started this subject	3/21/2002 5:58:16 PM
From: cordob	Read Replies (1) of 53903

Here is the profit(loss) news: biz.yahoo.com Micron Technology posts 2nd-qtr loss as sales tumble BOISE, March 21 (Reuters) - Micron Technology Inc. (NYSE:MU - news) on Thursday reported a fiscal second-quarter loss as the No. 2 maker of computer-memory chips saw sales decline from a year earlier, hurt by a slump in prices for the devices. For the quarter ended Feb. 28, the Boise, Idaho-based company said its loss widened to $30 million, or 5 cents a share, compared with a year-earlier loss of $4 million, or 1 cent. Sales fell to $645.9 million from $1.07 billion from a year earlier, but rose 52 percent from the prior quarter's $423.9 million in revenue. Micron said that the higher sequential revenue was due to an increase of about 70 percent in the average selling prices for its memory chips. Shares of Micron Technology rose $2.01, or 6.2 percent, to $34.51 on the New York Stock Exchange before the report, which came after the close of regular U.S. trading. Cheers Cor

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