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Technology Stocks : Micron Only Forum
MU 237.16+4.6%Dec 5 9:30 AM EST
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To: TREND1 who wrote (5)5/14/1996 7:31:00 PM
From: Bipin Prasad   of 53903
 
Larry, Fab III is converted to 8", according to Quarterly Report
released on Mar 14, 1996. The text follows:

The principal cause of the decline in net sales and net income for
the second quarter compared to the first quarter of fiscal 1996 was
the significantly lower average selling prices for the 4 Meg DRAM,
the Company's principal semiconductor memory product. The megabit
volume of semiconductor memory sold in the second fiscal quarter
dropped approximately 12% compared to the first fiscal quarter due
to an increase in finished goods inventory resulting in part from
changes in the Company's major customers' purchasing and inventory
management strategies, and due to a slight decrease in production of
semiconductor memory. The production decline was principally a
result of inefficiencies encountered in the conversion of Fab III to
8-inch wafer processing.
************* The Company has completed the 8-inch wafer **********
************* start conversion of Fab III **********
and recently began converting
wafer starts in Fab I/II. While completion of the conversion of Fab
I/II may be affected by market conditions for semiconductor memory
products, such completion is anticipated prior to the end of calendar
1996. Due to customer demand the Company has accelerated its
transition from the relatively mature 4 Meg DRAM to the 16 Meg DRAM.
Total net sales in the second fiscal quarter of 1996 was positively
impacted by a higher level of net sales of PC systems.
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