DGAP-News Micron Technology, Inc. (deutsch)
Micron Technology, Inc., Reports Results for the Fourth Quarter and 2010 Fiscal Year
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Micron Technology, Inc.
07.10.2010 23:04
Company Achieves Historical Highs for Revenue, Income and Cash Flows in 2010
Fiscal Year
BOISE, Idaho, Oct. 7, 2010 (GLOBE NEWSWIRE) -- Micron Technology, Inc.,
(Nasdaq:MU) today announced results of operations for its fourth quarter and
2010 fiscal year, which ended September 2, 2010. For the fourth quarter, the
company had net income attributable to Micron shareholders of $342 million, or
$0.32 per diluted share, on net sales of $2.5 billion, and generated a
quarterly record $1.1 billion in cash flows from operations. The results for
the fourth quarter of fiscal 2010 compare to net income of $939 million
(including $488 million in gains from the Numonyx acquisition), or $0.92 per
diluted share, on net sales of $2.3 billion for the third quarter of fiscal
2010, and a net loss of ($100) million, or ($0.12) per diluted share, on net
sales of $1.3 billion for the fourth quarter of fiscal 2009.
For the 2010 fiscal year, the company had net income attributable to Micron
shareholders of $1.9 billion, or $1.85 per diluted share, on net sales of $8.5
billion. Cash flows from operations were $3.1 billion for fiscal 2010. The
results for fiscal 2010 compare to a net loss of ($1.9) billion, or ($2.35) per
diluted share, on net sales of $4.8 billion for the 2009 fiscal year.
´We reached several new company milestones in fiscal 2010, including generating
the highest annual revenue, income and operating cash flows in Micron´s
history. We have emerged from the difficult economic conditions over the past
few years as an industry leader with one of the strongest balance sheets and
product portfolios in the business, ´ said Steve Appleton, Micron Chairman and
CEO.
In the company´s Memory segment (which excludes Numonyx and other
non-reportable segments), revenue from sales of DRAM products was 14 percent
lower in the fourth quarter of fiscal 2010 compared to the third quarter of
fiscal 2010 due to a 12 percent decrease in unit sales volume and a slight
decrease in average selling prices. Revenue from sales of NAND Flash products
was 9 percent lower in the fourth quarter of fiscal 2010 compared to the third
quarter due to a 7 percent decrease in unit sales volume and a slight decrease
in average selling prices. The company´s gross margin for its Memory segment
was 37 percent in the fourth quarter of fiscal 2010 compared to 40 percent in
the third quarter, primarily due to the decreases in average selling prices.
The company ended the fiscal year with cash and investments of $2.9 billion.
For all of fiscal 2010, the company invested approximately $950 million in
capital and paid down its debt by $640 million.
The company will host a conference call today at 2:30 p.m. MDT to discuss its
financial results. The call, audio and slides will be available online at
http://investors.micron.com/events.cfm. A webcast replay will be available on
the company´s Web site until Oct. 7, 2011. A taped audio replay of the
conference call will also be available at (706) 645-9291 (conference number:
14483222) beginning at 5:30 p.m. MDT today and continuing until 5:30 p.m. MDT
on Thursday, Oct. 14, 2010.
Micron Technology, Inc., is one of the world´s leading providers of advanced
semiconductor solutions. Through its worldwide operations, Micron manufactures
and markets a full range of DRAM, NAND Flash and NOR Flash memory, as well as
other innovative memory technologies, packaging solutions and semiconductor
systems for use in leading-edge computing, consumer, networking, embedded and
mobile products. Micron´s common stock is traded on the NASDAQ under the MU
symbol. To learn more about Micron Technology, Inc., visit www.micron.com.
The Micron Technology, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6950
The entire release, including financials, is attached as a .PDF file.
News Source: NASDAQ OMX
07.10.2010 23:04 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
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Language: English
Company: Micron Technology, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US5951121038
WKN:
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