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To: Scumbria who wrote (69369)	3/29/2001 5:44:22 PM
From: Don Green	Respond to of 93625

O.T.?? Micron Tops Estimates By Caroline Humer Senior Writer 3/29/01 5:34 PM ET Memory chip maker Micron Technology (MU:NYSE - news) said Thursday it lost 1 cent per share in its second fiscal quarter ended February, excluding its discontinued personal computer operations. Analysts had expected a loss of 3 cents a share, according to Thomson Financial/First Call. Micron lost 15 cents a share during the quarter including those operations -- which the company agreed to sell just last week, causing it to delay its earnings release. Micron came up short on the revenue front, however, bringing in $1.07 billion, of which $1.05 billion came from its semiconductor business. Analysts had expected Micron to report revenues of $1.37 billion in sales. Both sales and earnings are substantially lower than a year ago, when the company reported revenue of $1.39 billion and earnings of 29 cents per share. Micron's dynamic random access memory chips, or DRAM, are used in personal computers. The downturn in PC demand last fall helped throw off the supply/demand balance in DRAM and contributed to a decline in DRAM prices during the company's fiscal second quarter. The company said its average selling price fell 50% during the quarter, leading to a 33% decline in net semiconductor sales during the period compared with the first quarter. Gross profit margins on those sales fell to 18% in the second quarter from 49% in the first. Micron's earnings report comes more than a week later than planned. On March 21, the company said it hadn't yet received numbers from majority-owned Micron Electronics (MUEI:Nasdaq - news), which makes personal computers, and wouldn't be able to announce quarterly numbers. Two days later, Micron Electronics announced that it was selling it PC business to an unidentified private firm and buying a company that hosts Web sites to merge with its own hosting business.