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Micron Technology Reports a Profit, Shares Rise

Mark Fightmaster — Thu, 01 Apr 2010 09:10:00 EST

After the closing bell Wednesday, Micron Technology (MU) reported a second-quarter profit of 39 cents per share. The semiconductor firm's results topped both last year's loss of 99 cents per share and the consensus estimate of 24 cents per share.

Quarterly revenue totaled $1.96, up from $993 million a year ago, and better than the $1.82 billion expected by the Street. Sales of the company's DRAM products increased 24% sequentially, as a result of a rise in unit sales and average selling prices. MU's revenue from NAND Flash products were down a bit thanks to a "slight decrease in average selling prices."

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Micron Technology Reports a Profit, Shares Rise originally appeared on BloggingStocks on Thu, 01 Apr 2010 09:10:00 EST. Please see our terms for use of feeds.

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Intel margin warning hits flash memory stocks

Jon Ogg — Mon, 03 Mar 2008 19:41:00 EST

Filed under: Intel (INTC), SanDisk Corp (SNDK)

Intel Corp. (NASDAQ: INTC) came out Monday night and warned of lower margins, and while the stock was down in after-hours trading, one might actually make the argument that this might not be such bad news for its core operations. It's just hard to be too much like Dr. Pangloss in what looks, feels, and even smells more and more like a bear market each week. The culprit is listed as "lower than expected NAND flash memory chip prices." So Intel said it is now looking for 54% margins, plus or minus 1%. Its previous guidance was 56%, plus or minus 1%. What is at least a bit of relief here is that Intel said that all other expectations are consistent with the prior guidance given with its last outlook.

I would note that Intel had recently been downgraded at Goldman Sachs and at AmTech. Arguably, this is the second warning if you count last quarter. Its 2% drop is fairly appropriate as that is basically how much the stock is down on the news. Intel closed up 0.2% Monday at $20.01, but it was now seeing shares trade down 2.5% at $19.51 in after-hours evening trades.

If you take this at face value, Intel at least has a robust processor business, or at least it has the best processors in the industry. This news is taking a toll on other semiconductor stocks as well, but as the news bit is specific to NAND flash memory chips, it is hitting those flash memory stocks the worst of the others.

Micron Tech (NYSE: MU) is one that won't be liking this as its turnaround seems to be in jeopardy . This may at least make the company pursue more active issues like divesting some assets. SanDisk Corp. (NASDAQ: SNDK) is perhaps the pure-play for flash memory stocks, and its shares were actually down almost 3.5% at $22.25 in after-hours trading. That was after already hitting a new 52-week low at the close of $23.05 as its trading range over the last year was $23.40 to $59.75. Spansion Inc. (NASDAQ: SPSN) is another go-to stock in flash memory. Its shares were down almost 3% in after-hours trading at $2.82 after having an almost 6% gain today. Unfortunately, it has had a poor year with its 52-week trading being $2.69 to $12.83.

Intel margin warning hits flash memory stocks originally appeared on BloggingStocks on Mon, 03 Mar 2008 19:41:00 EST. Please see our terms for use of feeds.

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Newspaper wrap-up: Boeing may suspend production on short-range 787

Laurie Pasternack — Thu, 21 Feb 2008 08:00:00 EST

Filed under: Newspapers, Magazines, Apple Inc (AAPL), Boeing Co (BA), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RIO)

MAJOR PAPERS:

Mining companies BHP Billiton Limited (NYSE: BHP) and Rio Tinto Plc (NYSE: RTP) are not only competing over iron-ore customers, but they are not competing for investors as well, according to the Wall Street Journal's "Heard on the Street." BHP says 60% of their investors also own Rio shares; Rio puts the figure at 50%.
Prices for the top 50 branded drugs increased an average of 6.73% in 2006 and 7.82% last year at wholesale, according to market research firm Delta Marketing Dynamics. Often targeted by politicians, pharmaceutical companies are undeterred, the Wall Street Journal reported.

WEB SITES:

According to iSuppli sources, Apple Inc (NASDAQ: AAPL) has cut its 2008 NAND order forecast and informed suppliers that its demand growth will slow in 2008 vs. 2007.
The Boeing Company (NYSE: BA) is considering suspending work on the short-range version of its 787 jet, the -3 shorthaul, in an attempt to get production of the long-range version, the long-range -8, back on track, Flight Blogger said.

Newspaper wrap-up: Boeing may suspend production on short-range 787 originally appeared on BloggingStocks on Thu, 21 Feb 2008 08:00:00 EST. Please see our terms for use of feeds.

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Shortage of NAND flash memory

Eric Buscemi — Tue, 02 Oct 2007 08:45:00 EST

Filed under: Earnings Reports, Intel (INTC), Texas Instruments (TXN), Bargain Stocks

Toshiba Corporation (OTC: TOSBF), the large memory chip manufacturer, said that it has sold out of its supply of NAND flash memory. Also, there have been reports that increased handset and smartphone demand is leading to a pick up in demand for chips in general.

Micron Technology (NYSE: MU) reports results today so it will be interesting to see what they have to say and whether any of their diversification efforts are having success.

Intel Corporation (NASDAQ: INTC) recently upped its revenue guidance, National Semiconductor Corporation (NYSE: NSM) reported results in line with positive guidance and Texas Instruments Inc (NYSE: TXN) provided mid-quarter guidance with no positive surprise.

Micron is one moribund stock sitting at a low. The stock looks pretty washed-out with limited downside risk. It may be worth a look going into today's earnings release.

Shortage of NAND flash memory originally appeared on BloggingStocks on Tue, 02 Oct 2007 08:45:00 EST. Please see our terms for use of feeds.

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Newspaper wrap-up 4-11-07: Nasdaq in talks with Philadelphia Stock Exchange

Eric Buscemi — Wed, 11 Apr 2007 09:00:00 EST

Filed under: Newspapers, Magazines, Internet, Daimler (DAI), Motorola (MOT), Clear Channel Commun (CCU)

MAJOR PAPERS:

The Wall Street Journal reported that the Nasdaq Stock Market Inc (NASDAQ: NDAQ) is in talks to buy the Philadelphia Stock Exchange, the third largest options exchange in the U.S.
The Wall Street Journal reported that Kirk Kerkorian wasn't invited to meet this week with DaimlerChrysler AG (NYSE: DCX) as it gets together with bidders for its Chrysler unit.
Also in the Wall Street Journal, Xstrata will sell its aluminum unit to Apollo Management for $1.5B, higher than expected.

OTHER PAPERS:

According to the New York Post, citing sources familiar with the matter, the private-equity firms that bought out Clear Channel Communications Inc (NYSE: CCU), Thomas H. Lee Partners and Bain Capital, are weighing their options as they wait for a "crucial" shareholder vote on the deal, which will come next week.

WEBSITES:

According to Barron's Online's "Inside Scoop" column, Carl Icahn's investment groups reported that in the last two weeks they have increased their Motorola Inc (NYSE: MOT) holdings to 69.1M shares, or a 2.9% stake, from 64.9M shares, or a 2.7% stake.
DigiTimes.com reported that Samsung is reportedly switching capacity from DRAM back to NAND flash.

Newspaper wrap-up 4-11-07: Nasdaq in talks with Philadelphia Stock Exchange originally appeared on BloggingStocks on Wed, 11 Apr 2007 09:00:00 EST. Please see our terms for use of feeds.

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