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To: Gottfried who wrote (27613)	12/21/2005 9:43:08 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95616

Micron Tech net falls 60% By Rex Crum, MarketWatch Last Update: 5:43 PM ET Dec. 21, 2005 <<SAN FRANCISCO (MarketWatch) -- Micron Technology Inc. on Wednesday reported a 60% drop in its quarterly profit, but better sales of its chips for personal computers and digital-media devices boosted overall revenue. Micron (MU:MU14.14, +0.43, +3.1%) said it earned $62.6 million, or 9 cents a share, in its fiscal first quarter, which ended Dec. 1. During the comparable period a year ago, the Boise, Idaho-based company earned $154.9 million, or 23 cents a share. Revenue totaled $1.36 billion, up from $1.26 billion. Analysts surveyed by Thomson First Call had forecast Micron to earn 11 cents a share, on $1.34 billion in revenue. In after-hours trading, Micron shares fell 32 cents, or more than 2%, to $13.82 after rising 43 cents in the regular market session. Micron said the company was able to use a broad product line to help blunt what was a 15% decline in the price of DRAM chips used for memory in personal computers. In addition to DRAM, Micron specializes in NAND flash memory, a more profitable line of chips used in music players and other digital media devices. Micron said gross margins held steady at 23%, due to more sales of high-margin chips such as NAND flash memory. In November, Micron and Intel Corp. (INTC:INTC25.88, +0.08, +0.3%) agreed to form IM Flash Technologies LLC to develop flash memory chip products. Micron will own 51% of the new venture, which is scheduled to be completed in January. Apple Computer Inc. (AAPL: AAPL73.50, +1.39, +1.9%) has already prepaid Micron and Intel $250 million each to secure much of the venture's initial flash memory output. Micron didn't immediately give a second-quarter forecast. Analysts are forecasting the company to earn 9 cents a share, on revenue of $1.3 billion.>>