The Channel logo

News

By | John Oates 30th March 2005 09:35

Micron remakes a profit

Profits up despite falling prices

Memory chipmaker Micron made a profit in the second quarter of fiscal 2005 ended 3 March, despite the continuing fall in memory prices.

The company made net income of $118m on sales of $1.3bn compared to a loss of $28m for the same period last year. This works out to 0.17 cents per diluted share.

The profit is impressive considering the 15 per cent fall in per megabit average selling prices for memory chips. Net sales were up 32 per cent which offset falling prices. Megabit sales volume was up 36 per cent.

Micron managed to slightly decrease the cost of materials in production, "work in process inventory", thanks to more efficient manufacturing.

More details here.®

Related stories

Hynix, Micron neck-and-neck in Q3
Micron employees fixed DRAM prices
Infineon pleads guilty to memory price-fixing
June world chip sales top $17.8bn

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers