| ||Thread Tools|
|30th March 2005, 23:10||#1|
Join Date: Mar 2004
Micron Technology, Inc., Reports Results for the Second Quarter
BOISE, Idaho, Mar 29, 2005 (BUSINESS WIRE) -- Micron Technology, Inc., (MU) today announced results of operations for its second quarter of fiscal 2005, ending March 3, 2005. For the second quarter, the Company earned operating income of $126 million and net income of $118 million, or $0.17 per diluted share, on net sales of $1,308 million. These results compare to a net loss of $28 million for the second quarter of fiscal 2004 and net income of $155 million, or $0.23 per diluted share, for the first quarter of fiscal 2005.
Net sales for the second quarter of fiscal 2005 were 32% higher than for the same quarter of fiscal 2004. Megabit sales volume was approximately 36% higher for the same comparative periods. For the second quarter of fiscal 2005, typically a seasonally slow semiconductor sales period, net sales were 4% higher than the immediately preceding quarter as a result of an approximate 23% increase in megabits sold offset by approximately 15% lower per megabit average selling prices for semiconductor memory. The lower average selling prices for the quarter were the primary factor impacting the Company's gross margin, which came in at 27%.
Megabit memory production in the second quarter of fiscal 2005 was approximately 28% higher than the immediately preceding quarter. The majority of the production increase was attributable to improvements in manufacturing efficiencies across the Company's diversified memory portfolio and the ramp of the Manassas, Virginia 300mm wafer fab. Finished goods inventory value increased $53 million during the second quarter of fiscal 2005 while work in process inventory dollars decreased slightly, reflective of gains in manufacturing efficiency.
At the end of the second quarter of fiscal 2005, the Company had $1.1 billion in cash and short-term investments. During the second quarter, the Company generated $308 million in cash from operations and invested $361 million in capital expenditures, primarily focused on the 300mm production line.
Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II
|Thread||Thread Starter||Forum||Replies||Last Post|
|NVIDIA Reports Financial Results for First Quarter Fiscal 2011||jmke||WebNews||0||14th May 2010 14:43|
|AMD Reports Second Quarter Results||jmke||WebNews||0||22nd July 2009 10:58|
|AMD Reports First Quarter Results||jmke||WebNews||0||18th April 2008 08:33|
|AMD Reports Fourth Quarter and Annual Results||Sidney||WebNews||0||19th January 2006 03:53|
|ATI Reports Results for First Quarter of Fiscal 2006||Sidney||WebNews||0||21st December 2005 13:13|
|AMD Reports Third Quarter Results -All-Time Record Sales of $1.523 Billion||Sidney||WebNews||5||13th October 2005 20:13|
|ATI Reports Fourth Quarter and Fiscal 2005 Results||Sidney||WebNews||0||6th October 2005 15:37|
|Seagate Technology Reports Fiscal First Quarter 2005 Results||jmke||WebNews||1||21st October 2004 07:39|
|ATI reports revenues of $463 million for the second quarter||jmke||WebNews||0||31st March 2004 14:33|
|Amd Reports Fourth Quarter And Annual Results||jmke||WebNews||0||30th January 2004 14:47|