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Micron Technology, Inc. Message Board

  • gregory.lynn@rocketmail.com gregory.lynn Mar 21, 2013 9:27 PM Flag

    $100 million dollars

    That's about how much less Micron will have to pay for Elpida due to the weak yen.

    From the cc:

    "With the weakening of the yen, approximately one half of the savings from the lower purchase price for Elpida is reflected as a loss on the hedge and has been included in our income statement for the quarter. Any reduction in purchase price will not be recognized on our balance sheet until the transaction is closed using the exchange value at that time. We do not provide any guidance on hedging gains or losses given the extreme volatility of the yen at this time."

    Sentiment: Strong Buy

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