SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials
AMAT 304.08+2.2%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gottfried who wrote (8111)9/22/1997 9:47:00 PM
From: Teri Skogerboe   of 70976
 
GM,

You're very welcome. More news.
A service of Semiconductor Business News, CMP Media Inc.
Story posted at 6:30 p.m. EDT/3:30 p.m. PDT, 9/22/97

Micron results slip with
13% drop in memory prices

BOISE, Idaho--Micron Technology Inc. here today reported a net income of $332 million on sales of $3.5 billion for its fiscal year ended Aug. 28. The fiscal 1977 net income was 44% lower than the $594 million reported a year ago and sales were 5% below revenues of $3.7 billion in the 1996 period.

For Micron's fiscal fourth quarter, net sales were $946 million and net income was $72 million, compared to sales of $965 million and an income of $97 million in the same period last year. Micron said the average selling prices for its memory products declined 13% in the quarter compared to the third quarter.

"Micron earned a 9% net profit in spite of an approximate 75% decline in semiconductor average selling prices for the year," said Steve Appleton, chairman, CEO and president of Micron. "I applaud our team's efforts which allowed the company to achieve profitability in such a difficult market environment. Micron continues to take steps to reduce our costs in response to market conditions."

Gross margins on Micron's memory products declined from 49% in the third quarter of fiscal 1997 to 44% in the fourth quarter of fiscal 1997 as average selling price declines exceeded the Company's ability to reduce costs for these products.

techweb.cmp.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News