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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Grandk who wrote (32732)	10/5/1999 12:47:00 AM
From: William Griffin	Respond to of 70976

Micron posts narrower loss By Janet Haney, CBS MarketWatch Last Update: 6:49 PM ET Oct 4, 1999 Hardware Report BOISE, Idaho (CBS.MW) -- Micron Technology reported a narrower fourth-quarter net loss than Wall Street expected Monday, as a near doubling in sales overshadowed a decline in average selling prices. The No. 2 semiconductor memory components maker said its net loss for the period was $17.4 million, or 7 cents a share, vs. a net loss of $93.3 million, or 43 cents a share, in the year-ago period. Analysts surveyed by First Call Corp. anticipated the DRAM maker would report a loss of 18 cents a share in the quarter. Sales in the fourth quarter were $1.1 billion, a jump from the year-ago total of $692.1 million. Micron (MU: news, msgs) shares closed at 74 1/8 ahead of the news, and rose to 76 1/2 in Instinet after-hours trading. The stock has moved up 23 percent since Aug. 4, when it closed at 60 1/4, helped by the tightening supply of unbranded DRAM.