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Micron (MU -4.2%) slips after delivering a mixed FQ3 report, and providing cautious comments...
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Thursday, June 21, 2012, 9:33 AM ETMicron (MU -4.2%) slips after delivering a mixed FQ3 report, and providing cautious comments about NAND flash memory sales during its earnings call. Not only did Micron disclose its NAND ops posted a loss thanks to massive price declines, it guided for mere high-single-digit trade NAND bit growth in FQ4, which will be more than offset by further price declines. DRAM pricing remains relatively stable. NAND rival SanDisk (SNDK -0.9%) is off slightly.
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