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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: Gottfried who wrote (29895)4/10/2006 5:55:29 PM
From: Donald Wennerstrom  Read Replies (2) of 95565
 
Ought to be good for the market tomorrow.

<< Micron quarterly profit beats expectations

April 10, 2006 16:24:08 (ET)

SAN FRANCISCO, April 10 (Reuters) - Micron Technology Inc. (MU,Trade) on Monday reported a higher quarterly profit that beat expectations as the maker of memory chips benefited from the sale of flash memory technology to joint venture partner Intel Corp. (INTC,Trade).

Micron said in a regulatory filing that for its second fiscal quarter, net profit was $193.2 million, or 27 cents per diluted share, compared with $62.6 million, or 9 cents per share, a year earlier.

Analysts had expected Micron to earn 6 cents a share, according to Reuters Estimates
.

Revenue was $1.22 billion, lower than the $1.36 billion a year earlier and lower than the average analyst forecast of $1.34 billion.>>
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