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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (22517)	3/29/2005 5:51:27 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95761

Here is another input on the MU results. <<Micron Beats Targets By Chris Kraeuter TheStreet.com Staff Reporter 3/29/2005 5:38 PM EST Micron Technology (MU:NYSE - commentary - research) beat Wall Street's financial targets for its fiscal second quarter, as it shipped more memory chips than expected. The Boise, Idaho-based company reported net income of $118 million, or 17 cents a share, on sales of $1.3 billion. During the same quarter last year, Micron lost $28 million, or 4 cents a share, on sales of $991 million. Analysts had predicted earnings of 15 cents a share and sales of $1.22 billion, on average, according to Thomson First Call. Micron's sales volume rose 23%, based on megabits, from the first quarter and average selling prices declined 15%. Production rose 28% due to manufacturing efficiencies. At the quarter's start, Micron predicted selling prices would decline between 10% and 15% with megabit production and shipment growth of 15% to 20%, sequentially. The weak selling prices hurt Micron's gross margins, however, dragging them down to 27% from 33.6% in the first quarter, against 25% in the same quarter last year. And the production increase further inflated Micron's inventory, pushing it up 6.7% to $752.7 million. From the first to the fourth quarter, Micron's inventory rose 22%. Even so, Micron shares rose 31 cents in postclose action to $10.43.>>