More on Micron: FQ2 EPS includes $182M in currency losses and asset write-downs; would be -$0.10...

|About: Micron Technology Inc. (MU)|By:, SA News Editor

More on Micron: FQ2 EPS includes $182M in currency losses and asset write-downs; would be -$0.10 otherwise. DRAM sales +24% Q/Q, with a 38% increase in volume (partly thanks to the Inotera restructuring) offsetting a 10% ASP drop. That's encouraging investors worried about the impact of soft PC demand. NAND flash sales +8% Q/Q thanks to 13% growth in trade volume. NOR flash -14% Q/Q.  Gross margin was 17.6%, up 580 bps Q/Q and 720 bps Y/Y - lower production costs cited. Opex -6% Y/Y vs. 3% rev. growth. MU +4.3% AH. CC at 4:30PM ET (webcast). (PR)