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Technology Stocks : Micron Tech
MU 228.22+2.8%2:46 PM EDT
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From: JakeStraw6/26/2019 7:59:42 AM
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Micron Technology Inc. shares rose in the extended session Tuesday after the memory-chip maker’s results topped lowered expectations for the quarter and executives forecast improvement in the fourth quarter even though actual numbers were shy of Wall Street expectations.
marketwatch.com
On the conference call, Micron Chief Executive Sanjay Mehrotra said he expects “strong sequential growth” in the fourth quarter as inventory problems improve.

“This reinforces our confidence that good demand for DRAM will return to healthy year-over-year growth in the second half of calendar 2019," Mehrotra said. “NAND bit demand is also increasing in most markets as elasticity kicks in response to price declines over the last year.”
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