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GlobeNewswire (Wed, 11:23PM)
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GlobeNewswire (May 2, 2013)
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Micron To Benefit From Memory Shortages?Electric Phred • Mon, Mar 25
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Micron Technology Inc. - Shareholder/Analyst CallFri, Feb 10, 2012
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Micron Technology's CEO Hosts Shareholder Meeting (Transcript)Tue, Jan 24, 2012
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Micron Technology Inc. Shareholder/Analyst CallWed, Aug 24, 2011
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Micron Technology Inc. F1Q10 (Qtr End 12/03/09) Earnings Call TranscriptTue, Dec 22, 2009
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Micron Technology Inc. F3Q09 (Qtr End 06/04/09) Earnings Call TranscriptThu, Jun 25, 2009
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GlobeNewswire (Wed, 11:23PM)
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at CNBC.com (May 9, 2013)
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GlobeNewswire (May 2, 2013)
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GlobeNewswire (Apr 24, 2013)
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at MarketWatch.com (Apr 17, 2013)
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at MarketWatch.com (Apr 10, 2013)
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at CNBC.com (Apr 10, 2013)
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at MarketWatch.com (Apr 1, 2013)
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at CNBC.com (Apr 1, 2013)
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at MarketWatch.com (Apr 1, 2013)
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at CNBC.com (Apr 1, 2013)
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GlobeNewswire (Mar 29, 2013)
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at Fox Business (Mar 25, 2013)
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at MarketWatch.com (Mar 24, 2013)
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at CNBC.com (Mar 22, 2013)
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at MarketWatch.com (Mar 22, 2013)
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at MarketWatch.com (Mar 22, 2013)
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at MarketWatch.com (Mar 22, 2013)
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at CNBC.com (Mar 22, 2013)
MU vs. ETF Alternatives
Company Description
Micron Technology, Inc., and its consolidated subsidiaries (hereinafter referred to collectively as the “Company”), a Delaware corporation, was incorporated in 1978. The Company’s executive offices are located at 8000 South Federal Way, Boise, Idaho 83716-9632 and its telephone number is (208)... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, April 17, 5:37 PM SanDisk (SNDK) guides on its Q1 call (webcast) for Q2 revenue of $1.35B-$1.4B and 2013 revenue of $5.6B-$5.75B, largely above a consensus of $1.34B and $5.63B. Gross margin is expected to rise to 41%-43% in Q2, and 2013 gross margin guidance is now at 42%-44% (a 200 bps guidance hike). Q2 GM will benefit from higher prices and a weak yen, partly offset by lower royalties. SanDisk still forecasts 30%-40% NAND industry bit growth in 2013, and expects its own growth to be much lower, as it refrains from major capacity expansion. Shares now -0.6% AH. MU -0.4%. (previous) Comment! [Tech, Earnings, On the Move]
- Wednesday, April 17, 4:46 PM SanDisk (SNDK) now -5.8% AH and Micron (MU) -1.5% following SanDisk's Q1 beat. Expectations were high following SanDisk's 2013 run-up. Also, given strong NAND flash pricing, the Street may have been looking for a bigger gross margin improvement - GM rose 60 bps Q/Q and 460 bps Y/Y to 40.5%. SanDisk says SSD products accounted for 20% of sales. R&D spending rose 21% Y/Y, as the company ramps investments in proprietary SSD and embedded mobile offerings. CC at 5PM ET (webcast), guidance should be provided. (PR) 1 Comment [Tech, On the Move, Earnings]
- Friday, March 22, 10:20 AM Micron's (MU +10.5%) FQ2 beat, partly driven by 8% Q/Q NAND flash sales growth, provides a lift to SanDisk (SNDK +2%). Micron stated on its earnings call it sees "a favorable supply and demand balance" for NAND, thanks to strong SSD/mobile device demand and slowing manufacturing process shifts. Micron's trade NAND ASP was "relatively flat" in FQ2, and is estimated to be down mid-single-digits thus far in FQ3. Micron also forecasts DRAM industry capacity will fall in 2013 and 2014, and suggests it will shift some of its DRAM capacity to NAND. (previous) Comment! [Tech, On the Move, Earnings]
- Thursday, March 21, 4:27 PM 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) 1 Comment [Tech, Earnings]
- Thursday, March 21, 4:07 PM Micron (MU): FQ2 EPS of -$0.28 misses by $0.09. Revenue of $2.1B beats by $0.18B. Shares +5.8% AH. (PR) 2 Comments [Earnings, Breaking News, Tech, On the Move]
- Thursday, March 21, 12:10 AM Notable earnings after Thursday’s close: MU, NKE, SLW, TIBX Comment! [Earnings]
- Wednesday, March 20, 5:35 PM Notable earnings after Thursday’s close: MU, NKE, SLW, TIBX Comment! [Earnings]
- Thursday, January 24, 12:12 PM SanDisk (SNDK +4.1%) is an Apple supplier and issued light guidance on its earnings call ... yet shares have rallied to within $2 of their 52-week high. Why? Because the guidance - Q1 revenue of $1.225B-$1.3B ($1.37B consensus) and 2013 revenue of $5.3B-$5.6B ($6.01B consensus) - is accompanied by a forecast for just 30%-40% NAND flash industry bit growth, and lower bit growth from SanDisk. That's fueling hopes of a healthier pricing/margin environment - gross margin fell 300 bps Y/Y in Q4 to 39.9%. Needham has upgraded shares to Buy. MU +0.8%. 1 Comment [Tech, On the Move, Earnings]
- Thursday, January 17, 12:12 PM Down initially following its Q4 report, ASML (ASML +8%) is now rallying strongly. Though revenue was below estimates, EPS was above, and the lithography giant guided for 2013 sales to be "at a similar level to that of 2012" thanks to a 2H demand pickup. That's going over well in light of bleak industry forecasts. ASML sees investments in advanced 14-20nm processes driving demand, though it expects the memory industry to "continue investing at a minimum level" (a positive for SNDK and MU). CYMI +6.2%. KLAC +6.5%. LRCX +3.3%. AMAT +1.8%. (PR) Comment! [Tech, On the Move, Earnings]
- Thursday, December 20, 2012, 5:24 PM More on Micron's FQ1: As expected, DRAM sales were weak, -9% Q/Q due to an 11% ASP drop caused by falling PC DRAM prices. NAND flash memory sales fell 4% Q/Q, as a 9% volume decline offset a 5% increase in ASPs. Gross margin was a mere 12%, up from FQ4's 11% but down from the year-ago period's 15%. Free cash flow was -$302M. Cash/investment balance at end of quarter was $2.8B, long-term debt balance was $3.4B. MU -2.8% AH. (PR) Comment! [Tech, Earnings]
- Thursday, December 20, 2012, 4:13 PM Micron (MU): Q3 EPS of -$0.27 misses by $0.07. Revenue of $2.0B in-line. Shares -3% AH. (PR) Comment! [Earnings, Tech, On the Move]
- Thursday, December 20, 2012, 12:10 AM Notable earnings after Thursday’s close: FCEL, MU, NKE, RHT, RIMM, TIBX Comment! [Earnings]
- Wednesday, December 19, 2012, 5:35 PM Notable earnings after Thursday’s close: FCEL, MU, NKE, RHT, RIMM, TIBX Comment! [Earnings]
- Thursday, October 18, 2012, 5:59 PM SanDisk (SNDK) states on its Q3 earnings call it expects gross margin to reach 33% in Q4 - that's up from Q3's 31%, though still down strongly from 2011 levels. The flash memory vendor also says it now expects industry bit supply to rise 30%-40% in 2013, down from a prior estimate of 40%-50% - that dovetails with recent commentary about flash supply being constrained for a while, leading to favorable pricing. SNDK +3.3% AH. MU +1.2%. 1 Comment [Tech, Earnings]
- Thursday, October 18, 2012, 4:44 PM SanDisk (SNDK) +2.7% AH after resuming trading in the wake of its big Q3 beat. Surging volumes (no doubt related to strong smartphone/tablet demand) allowed gross margin to rise 270 bps Q/Q to 31%, though it fell 1330 bps Y/Y. SanDisk claims it "gained share across all major geographies" (no specifics about which products). Guidance should be provided during the earnings call, which starts at 5PM ET (webcast). Rival Micron (MU) is up slightly. (PR) 1 Comment [Tech, On the Move, Earnings]
- Monday, October 15, 2012, 11:44 AM ChipMOS (IMOS -7.8%) plunges after reporting Q3 revenue of $175.5M (+6.4% Y/Y), and stating it expects Q4 revenue to be flat to -5% Q/Q. The chip packaging/testing services firm's Q4 revenue consensus stands at $179.4M. Soft DRAM packaging sales are said to be offsetting strong LCD driver and flash memory testing sales. The report could have negative implications for DRAM makers such as Micron (MU -0.1%). (PR) Comment! [Tech, Earnings, On the Move]
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Mr.Fripple
sold some jun 12 calls to cover my $MU think we get some sideways action between 11-12 for a bit - View all 0 replies
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Valuable Insights
$IMOS reports Thursday AM - 2.5x EV/EBITDA, ~20% FCF yield - top customers are on fire (Novatek, $MU, $HIMX) - stock will be in $20s soon - View all 1 replies
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John Vincent
Robert Karr of Joho Capital added large Baidu($BIDU 13.68%) & Micron($MU 9.44%) positions in Q1 2013. See http://bit.ly/17ottZN - View all 0 replies
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Jim Van Meerten
$MU - 100% Barchart technical buy signals - 5 new highs and up 6.54% in the last month - Relative Strength Index 68.20% - View all 0 replies
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Mr.Fripple
$MU getting a little ahead of itself, if we see another day like this tom might be time to get out. - View all 2 replies
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Humble Eagles: When was the last we had a significant DRAM shortage? 2010? This company flies when DRAM is in hot demand, and this one looks like a doozy! -
Mr.Fripple: Agree over the next 6mo-1yr, the place to be is long. But we hit 11 tomorrow and I think the place to be for the next week is short.
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Mr.Fripple: In but nervous, little frothy hoping for a pull back to 10.19 area to confirm the break and let you jump back on board for the next 20% up.
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LATEST REPLIES
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Valuable Insights
$IMOS reports Thursday AM - 2.5x EV/EBITDA, ~20% FCF yield - top customers are on fire (Novatek, $MU, $HIMX) - stock will be in $20s soon - View all 1 replies
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Mr.Fripple: In but nervous, little frothy hoping for a pull back to 10.19 area to confirm the break and let you jump back on board for the next 20% up.
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Mr.Fripple
$MU getting a little ahead of itself, if we see another day like this tom might be time to get out. - View all 2 replies
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Humble Eagles: When was the last we had a significant DRAM shortage? 2010? This company flies when DRAM is in hot demand, and this one looks like a doozy!
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Mr.Fripple: Agree over the next 6mo-1yr, the place to be is long. But we hit 11 tomorrow and I think the place to be for the next week is short.
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Mr.Fripple
Am I the only one loving this $MU decline? Nothing but catalysts 2H AND it pulls back to let me accumulate, too nice. long 9.10 - View all 3 replies
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Mr.Fripple: wow been on a tear since you called for $10 why didn't you call for 11 :)
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Valuable Insights
$SNDK and $MU both cheap. Pricing is strong during seasonally weakest part of year and ahead of new $AAPL launches. 2H could be BIG - View all 2 replies
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TFCAB: Been looking at SNDK closely; glad i didnt buy last week; i think you're right on the value part of the equation
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Valuable Insights
Solid result out of $MU, see stock going higher in months ahead. Nice play on MU is $IMOS (MU is 10%+ customer) - View all 3 replies
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badrimallik: Is there still value to buy MU or did I miss the ride at curent level (9.98 as of 3/30)
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Valuable Insights
Called $MU Nov 5. at $5.71 http://bit.ly/10e1DJeand gave a $9 target on big DRAM improvement. DRAM up more than forecast - new target $13. - View all 6 replies
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IanJC: I appreciate the response, hope the CC sheds more light on IPO timelines
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