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Micron Technology, Inc. Message Board

  • tony10425 tony10425 Dec 20, 2012 8:33 PM Flag

    $53 million in losses from Yen Hedge

    $62 million in the first quarter of fiscal 2013 and gains of $9 million in the fourth quarter of fiscal 2012 from changes in the market value of the company's yen currency hedges executed in connection with its planned acquisition of Elpida Memory

    What was the production glitch?

    Sentiment: Buy

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    • MU has to buy a certain amount of product out of the TowerJazz fab that they used to own (MJP). They buy in yen, sell in dollars or maybe euro. They could be selling inventory or production. Hedging is just a financial tool to limit exposure. Like all things Micron, they are not good at it.

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