Edition:
United States

Micron Technology Inc (MU.OQ)

MU.OQ on NASDAQ Stock Exchange Global Select Market

20.50USD
9 Dec 2016
Change (% chg)

$-0.16 (-0.77%)
Prev Close
$20.66
Open
$20.79
Day's High
$20.84
Day's Low
$20.14
Volume
4,284,768
Avg. Vol
5,466,014
52-wk High
$20.99
52-wk Low
$9.31

Latest Key Developments (Source: Significant Developments)

Micron says workforce reduction to result in about 7.5% headcount reduction
Thursday, 30 Jun 2016 06:30pm EDT 

Micron Technology Inc : Micron says workforce reduction announced is in addition to removal of open positions, resulting in about a 7.5% headcount reduction Further company coverage: [MU.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Micron Technology sees Q4 non-gaap revenue of $2.9 bln-$3.2 bln
Thursday, 30 Jun 2016 04:57pm EDT 

Micron Technology Inc : Sees Q4 non-GAAP revenue $2.90 billion to $3.20 billion . Sees q4 non GAAP loss per share $0.24 ‒ $0.16 . GAAP gross margin 15.5 percent to 18 percent .Q4 earnings per share view $0.03, revenue view $3.20 billion -- Thomson Reuters I/B/E/S.  Full Article

Micron Technology Q3 non-gaap loss per share $0.08
Thursday, 30 Jun 2016 04:50pm EDT 

Micron Technology Inc : Plans to implement a cost savings program in which it expects to save approximately $80 million per quarter in fiscal 2017 . Q3 non-gaap loss per share $0.08 . Q3 gaap loss per share $0.21 . Q3 revenue fell 25 percent to $2.9 billion . In connection with plan, company expects to incur charges of $70 million, substantially all in cash expenditures . Savings expected to result from combination of more focused set of projects and programs, permanent closure of number of open headcount requisitions . Restructuring initiatives, which include a global workforce reduction, are expected to save company over $300 million in fiscal 2017 . Savings also expected to result from workforce reduction in certain areas of business, and other non-headcount related spending reductions . Micron technology inc says investments in capital expenditures for q3 of fiscal 2016 were $1.69 billion .Q3 earnings per share view $-0.09, revenue view $2.96 billion -- Thomson Reuters I/B/E/S.  Full Article

Micron Technology, Inc announces resignation of President Mark Adams
Monday, 4 Jan 2016 08:01am EST 

Micron Technology, Inc:Announces resignation of President Mark Adams.  Full Article

Inotera Memories to fully acquired by subsidiary of Micron Technology
Monday, 14 Dec 2015 02:30am EST 

Inotera Memories Inc:To buy fully acquired by a semiconductor subsidiary of Micron Technology at T$30 per share.To delist from Taiwan Securities Exchange due to the merger.  Full Article

Micron Technology Inc's CEO to take voluntary 50 pct pay cut - Reuters
Thursday, 15 Oct 2015 08:00pm EDT 

Micron Technology Inc:Micron Technology Inc MU.O said Chief Executive Mark Durcan will take a voluntary 50 percent cut in his base salary, amid cost-cutting at the memory chipmaker - Reuters.The cut, which is temporary, reduced Durcan's annual base salary to $525,000, effective Oct. 18, the company said in a filing on Friday - Reuters.Micron, which makes both dynamic random access and NAND flash memory chips, has struggled with weak demand for its chips used in computers - Reuters.  Full Article

Micron Technology Inc gives Q4 2015 revenue guidance below analysts' estimates - conference call
Thursday, 25 Jun 2015 05:20pm EDT 

Micron Technology Inc:Expects Q4 2015 revenue to be in the range of $3.45-$3.7 billion.Q4 2015 revenue of $4.15 bln - Thomson Reuters I/B/E/S.  Full Article

Micron Technology names Ernie Maddock as Chief Financial Officer
Tuesday, 5 May 2015 08:00am EDT 

Micron Technology Inc:Appoints Ernie Maddock as Chief Financial Officer and Vice President, Finance, effective June 1.  Full Article

Micron announces proposed $1 bln offering of senior notes
Monday, 27 Apr 2015 07:33am EDT 

Micron Technology Inc:Intends to offer $500 mln aggregate principal amount of senior notes due 2024 and $500 mln aggregate principal amount of senior notes due 2026.Intends to use the net proceeds from the offering to repay, repurchase or make other payments with respect to the extinguishment of its debt, including its convertible notes, and for general corporate purposes.  Full Article

Micron Technology Inc gives Q3 2015 revenue guidance - Conference Call
Tuesday, 31 Mar 2015 08:00pm EDT 

Micron Technology Inc:Says on a consolidated basis, Q3 2015 total revenue to be in the range of $3.8 billion to $4.05 billion.Q3 2015 revenue of $4.2 billion - Thomson Reuters I/B/E/S.  Full Article