Updated: Its stock struggling, Micron will face analysts Tuesday
Micron’s stock woes will form the backdrop Tuesday when the company holds a conference for stock analysts. Micron stock was trading at $4.65 Friday morning, having fallen as low as $4.42 in trading Tuesday – a day after reaching a 15-year low of $4.55 on Monday. One analyst this week cut her target price to $4.25 from $8.50.
Micron's woes are shared with chip producers worldwide. For more on those problems, check out this Dow Jones News Service story filed today on the Wall Street Journal Web site.
Chairman and CEO Steve Appleton and other executives will discuss Micron’s strategy and their views about the difficult market conditions for dynamic random-access memory and NAND flash memory – the two kinds of computer chips that make up most of Micron’s sales. Micron has suffered six consecutive quarters of losses.
Meanwhile, Micron is doing some executive shuffling and and expanding its sales organization. Mike Sadler, the vice president of sales, is taking a new leadership job at MeiYa Technology Corp., the new DRAM joint venture between Micron and Nanya Technology Corp. in Taiwan. Replacing Sadler is Mark Adams, formerly vice president of digital media. Paul Mullen becomes vice president of international OEM (original equipment manufacturer) sales, and Mike Bokan becomes vice president of Americas OEM sales.
David Staats
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It will be delisted in 2009...
either by collapse of the stock or the Koreans will finally BURP.
I just started learning cfd
I just started learning cfd for beginners and considering how stocks are moving it's an interesting way to be investing especially with stocks going down.
Next stop Bankruptcy
Here's an idea a third grade child proposed. If we can make them cheaper in another country why don't we do that? Too complex an idea for Potatheads I quiped. I have to admit I am enjoying the shares I shorted at ten dollars last year.
Have you changed your name already?
An acquaintance at MU...
wondered why MU doesn't use its facilities here to build solar cells...move into this industry where obviously there will be growth..or at least should be...given our energy issues.
he emailed appleton.
all he got was a thanks for the email. No kudos and no explanations of why not to.
MU management for you.
Being analysts there is bound to be butt-kicking.
applteon is aptima...
the imaging shove-off headquartered in San Jose.
Reportedly either looking to build or are already building a plant in Vietnam.
I wonder why aptima doesn't plan to use the facilities or build facilities here in Boise.
Oh, I know why.
Micron Technology ("Micron")
Micron Technology ("Micron") NYSE: MU is a multinational company based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, SSD and CMOS image sensing chips. Most consumers are more familiar with its consumer brand Crucial Technology. Micron Technology is among the worldwide top 20 semiconductor sales leaders.
alternative energy
Stocks rising and stocks plummeting
Stocks rising and stocks plummeting its all happening again. There much more frenzy in the past 2 months as investors are returning to doing stocking Day Trading more actively as fear about the economy begin to subside.