Micron Posts $706 Million Loss

[HardOCP News]

The recent drop in the average selling price of memory has hit Micron extremely hard. The company posted a $700 million loss this quarter, the eighth quarter in a row that the company has failed to post a profit.

The largest U.S. manufacturer of memory chips said it saw steep drops in the average selling prices for its DRAM and NAND Flash memory products, which dove 34 percent and 24 percent respectively. DRAM is used as the main memory in PCs. Flash is used for storage in digital cameras, digiital music players, and solid-state drives. As a result, sales of memory products fell 4 percent from the previous quarter due to "significant decreases in market selling prices for the company's products."

 

[Rofl-Mic-Lofl]

Ouch.

 

[Falling Anvil]

So...when are the bailout talks going to begin?

 

[Term-X]

That sucks, I used to buy their memory a long time ago but I guess they dropped off my personal radar for quite awhile now.

 

[The Cranky one]

I got a 2 gig stick for my lappy for 19 bucks from them. Ouch that sucks for them.

 

[Hulk]

aren't like 99.99% of business losing money right now?....

is this news to anyone?

On another note, profits from casinos, porn, and cigarettes are up 100%!

 

[Bambi]

i just bought some 4gb patriot ram for 35 bucks with no rebate

 

[Dan_D]

aren't like 99.99% of business losing money right now?....

is this news to anyone?

On another note, profits from casinos, porn, and cigarettes are up 100%!

Gun sales are up 60%.

 

[Tekara]

So...when are the bailout talks going to begin?

Funny enough, Micron has already received bailout money a couple of times and they ended up losing one of the bailouts for blowing off the conditions for receiving it (not laying off employees).

Only part that really bothers me about them going under is that they were *the* employer for Boise area and with them going under they've left a hell of a wake of destruction.