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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (42853)3/21/2002 5:11:12 PM
From: westpacific  Read Replies (2) | Respond to of 99280
 
MU loss of .05, first call loss of .04, miss

Micron Technology (MU) reported a second-quarter net loss of $30 million, or 5 cents a share, on revenue of $646 million. Analysts surveyed by Thomson Financial/First Call expected a loss of 4 cents a share on revenue of $665.8 million, on average. During the same quarter last year, net loss for the memory chipmaker was $88.3 million, or 15 cents a share, on revenue of $1 billion. Ahead of the announcement, shares ended up $2.01, or 6.2 percent, to $34.51.



To: DebtBomb who wrote (42853)3/21/2002 5:13:40 PM
From: Ted Downs  Read Replies (2) | Respond to of 99280
 
Dale,

MU estimates were for 654m revenue and .05 loss. They came in with 646m revenue and .05 loss. I doubt that will have much impact as a "loss" in that it's a little over 1% light on revenue. I think the Hynix deal keeps the interest here and it looks like a done deal. We'll see tomorrow though.

Ted


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