Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 24 June 2014 12:16

Micron doing better than expected

Written by Nick Farrell

PC demand rising

It looks like the PC downturn is coming to a close. Memory chipmaker Micron Technology posted fiscal third-quarter results above expectations. It said that pent up demand for personal computers is bolstering demand for its DRAM chips. It is the first time the outfit has offered a quarterly revenue forecast, which also exceeded analysts' estimates.

Micron President Mark Adams said on a conference call with analysts that corporates were needing to refresh desktops and notebooks and this was leading to better-than-expected sector performance. He said that recent industry consolidation is putting an end to extreme price volatility that in difficult years has left larger companies losing money and driven smaller players out of business.

Micron's quarterly results include bankrupt Japanese DRAM maker Elpida Memory, which the U.S. chipmaker acquired in July 2013 in a bid to improve economies of scale. Micron said its revenue jumped 72 percent to $3.98 billion in the third quarter, which ended in May. Analysts on average expected revenue of $3.89 billion.

Micron reported a net profit of $806 million, compared with a net profit of $43 million. Micron forecast revenue for the current quarter between $4 billion and $4.2 billion. Analysts had expected fourth-quarter revenue of about $4.06 billion.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments