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SemiconEng

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SemiconEng

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Thursday, 09/30/2004 1:07:56 PM

Thursday, September 30, 2004 1:07:56 PM

Post# of 151741
Micron misses quarterly targets, ups capital spending

http://www.eet.com/semi/news/showArticle.jhtml?articleId=48800239&kc=2515
SAN JOSE, Calif. — Amid a plan to boost its capital spending, Micron Technology Inc. missed Wall Street's expectations for the quarter due to slumping memory prices.

The memory supplier posted sales of $1.189 billion for its fourth fiscal quarter, compared to $1.116 billion in the previous quarter and $885.5 million a year ago.

The company missed Wall Street's expectations despite the positive numbers. It was supposed to earn $0.20 a share on sales of $1.23 billion, according to Thomson First Call.
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