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Micron Technology, Inc. Message Board

  • mychumclum1 mychumclum1 Dec 24, 2012 12:01 PM Flag

    The Realization of MU

    the results last week showed that chip pricing needs to move much higher than originally thought for them to be profitable. They did not quantify how their production disruptions affected their Nand profits which were much lower than expected. (71) mm losses now in Other category. Everyone is expecting Elpida to turn this around. They said the same about Windows 8. Every kid is getting a tablet or smartphone for Christmas and Micron still can't make money in 8 out of the last 10 years. Even when profits are acheived they are quickly squashed by increasing supply. This stock has been a horrible investment choice for the last 10 years and we'll be luckey to see the shares in double digits again. Not sure the boys of Idaho care........they're making $500m a year in Idaho!

 
MU
34.30+1.09(+3.28%)Nov 21 4:00 PMEST

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