Business Briefs
POSTED: Thursday, February 28, 2013 at 12:21 PM PTBY: IBR Staff
Tags: Caldwell Night Rodeo, Elpida, Micron
Iraq veteran wins award for first work of fiction An Iraq war veteran will be recognized with an award for his first novel. Kevin Powers, author of “The Yellow Birds,” has won the 2013 Hemingway Foundation/PEN Award for a distinguished first book of fiction. The award comes with a $10,000 prize and a residency for [...]
Micron’s losses total $1 billion in FY 2012 
POSTED: Friday, September 28, 2012 at 03:44 PM PTBY: Sean Olson
Tags: Elpida, Micron, Objective Analysis, revenues
Micron lost just more than $1 billion in fiscal year 2012, but the company result is in line with its expectations during a bust market for memory chips, analysts say. The company announced its earnings Sept. 27 and held a conference call with research analysts. The company made $1.96 billion in net sales during the [...]
Micron posts higher loss, but revenues rise
POSTED: Wednesday, June 20, 2012 at 03:56 PM PTBY: Brad Carlson
Tags: corporations, Micron, Technology
Micron Technology on June 20 reported a net loss of $320 million or 32 cents per diluted share for its fiscal third quarter ended May 31, compared to a loss of $282 million or 29 cents per share in the previous quarter and net income of $75 million or 7 cents a share in the [...]
Transform Solar Nampa plant to close down, lay off 250
POSTED: Tuesday, May 29, 2012 at 04:34 PM PTBY: Sean Olson
Tags: layoffs, Micron, Origin Energy, Transform Solar
Transform Solar, a joint venture between Micron and Origin Energy of Australia, is closing its Idaho operations, a victim of a slump in the solar products economy. The company, which employs more than 250 people in Nampa, will be ramping down operations over the next three months until it is completely shut down, Micron spokesman [...]
Micron’s potential Elpida buyout comes with risk
POSTED: Monday, May 14, 2012 at 10:16 PM PTBY: Sean Olson
Tags: Dave Petso, Elpida, Micron, Objective Analysis
Micron’s announcement that it is in negotiations to buy the Japanese DRAM memory giant Elpida could mean the company doubles its market share, but it also puts the company at higher risk during bust cycles, analysts say. While the confirmation of negotiations broke Micron’s silence on its activities with Elpida, which filed bankruptcy earlier this [...]
Micron buys out part of joint venture with Intel
POSTED: Tuesday, February 28, 2012 at 05:32 PM PTBY: Sean Olson
Tags: Elpida, Intel, Micron, NAND Flash
Micron is buying out parts of the NAND memory joint venture it has with Intel, the companies announced Feb. 28. Micron is putting up about $600 million to buy Intel out of flash memory technology plants the two share in Virginia and Singapore, the companies stated in a news release. About $300 million of that [...]
Idaho companies and individuals give millions to campaigns in political off-year
POSTED: Wednesday, February 1, 2012 at 04:44 PM PTBY: Brad Iverson-Long
Tags: Agri Beef, Altria, Blue Cross of Idaho, Glanbia Foods, Hecla Mining, Idaho National Laboratory, Idaho Power, Melaleuca, Micron, Mortgage Insurance Companies of America, Simplot, U.S. Ecology, United Heritage, United Heritage Financial Group
Republicans did well in campaign fundraising efforts in Idaho in the second half of 2011, reflecting the party’s control of elected offices and success at the polls. There were no state or federal level elections in 2011, but sitting officeholders, predominantly of the GOP persuasion, built up their war chests for races in 2012 and [...]
Micron stock slide continues; new 52-week low
POSTED: Monday, August 8, 2011 at 10:01 AM PTBY: Jay Patrick
Tags: Micron
Micron Technology stock began trading August 8 at a new 52-week low of $5.96. The previous 52-week low, $6.33, was set August 5. Share values are down about 20 percent this year. On June 23, the company posted dismal third-quarter revenues of $2.14 billion; analysts polled by Bloomberg had anticipated $2.38 billion. Demand for Dynamic [...]
Micron eyes selling its Japanese plant
POSTED: Thursday, April 7, 2011 at 11:51 AM PTBY: Brad Carlson
Tags: Micron
Micron Technology is proposing to sell Israel-based TowerJazz a silicon wafer plant that it owns in Nishiwaki City, Japan. Selling the plant would allow Micron to divest future excess production capacity of 200mm wafers, Micron spokesman Dan Francisco said. The 300mm wafers can be manufactured more efficiently, Francisco said. The fabrication plants that Micron closed in Boise about [...]
Micron earnings drop in second quarter
POSTED: Wednesday, March 23, 2011 at 02:53 PM PTBY: Brad Carlson
Tags: Micron
Micron Technology reported earnings of $72 million, or 7 cents per share, on net sales of $2.3 billion, for the fiscal quarter that ended March 3. Earnings in the previous quarter totaled $155 million on net sales of $2.3 billion. Earnings were $365 million on $2 billion in net sales for the second quarter of [...]
