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Tag Archives: micron

Micron quarterly earnings drop. Next quarter’s worse. (access required)

photo of sanjay mehrotra, politicians, and former micron executives

As expected, Micron’s second-quarter earnings showed a drop in earnings from previous performances, which had been on a fairly steady climb since 2016, though slightly better than predicted. But next quarter isn’t good. Jim Handy, a veteran Micron analyst and ...

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Micron borrows $1.8 billion to pay off other notes (access required)

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Micron has issued a flurry of Securities and Exchange Commission filings regarding $1.8 billion in borrowing, but it’s apparently nothing to worry about. “It’s just borrowing at a lower rate to retire debt at a higher rate,” said Jim Handy, ...

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Micron to buy out Intel plant in Lehi, Utah (access required)

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The other shoe dropped earlier this month when Micron announced it was acquiring the assets of an Intel partnership that ended in October for $1.5 billion. The Boise company said it would purchase Intel’s interest in the parties’ joint venture, ...

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Micron announces lowered expectations (access required)

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For the first quarter of 2019, which ended Nov. 30, Micron said it expects its revenue to be on the low end of its previously announced guidance range of $7.9 billion to $8.3 billion. In addition, the company said it ...

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Federal government gets involved in ongoing Micron-China case (access required)

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A recent federal indictment against three employees of two Chinese companies, alleging that they stole intellectual property from Boise chip manufacturer Micron, is another in a series of ongoing espionage claims and counterclaims between the two countries. “It’s not too ...

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Micron throws itself a birthday party

photo of sanjay mehrotra, politicians, and former micron executives

“Boise is our headquarters,” Micron CEO Sanjay Mehrotra said on Thursday. “It is the center of our research and development,” which in turn is the foundation of the company’s global presence. Mehrotra was in Boise to take part in the ...

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Micron served with Chinese DRAM injunction (access required)

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Micron said it has received a preliminary injunction regarding computer chips it sells in China, but said it should not affect its earnings much. The preliminary injunction enjoins the company’s Chinese subsidiaries from manufacturing, selling, or importing certain Crucial and Ballistix-branded ...

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