Micron Technology To Report
Results Micron Technology Inc . (MU) reports fiscal
second-quarter financial results after the bell Wednesday. The
memory-chip maker faces Wall Street from the depths of a cycle of
chip oversupply and plunging prices. Micron is suffering from
weakness in all three of its markets: dynamic random access
memory, or DRAM, chips used in personal computers; NAND flash
chips used in portable music players, cellphones and other
electronic devices; and CMOS image sensors, used in phones and
cameras. The triple trouble pushed Standard & Poor's earlier this
month to warn that it may downgrade Micron's debt ratings. And
the pain in NAND caused Micron's partner, Intel Corp. (INTC), to
issue a damaging profit warning in early March. To add insult
to injury, Micron last week lost a battle in its brewing legal
war with Rambus Inc . (RMBS), which says Micron and other DRAM
makers violated its patents and owe it royalties. Micro vowed to
appeal, but the news raised the specter of additional costs for a
product with slimming margins.
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