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Micron Technology Inc (MU.O)

MU.O on Nasdaq

19.53USD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Micron says Inotera, Micron Semiconductor Taiwan enter into syndicated loan agreement with Bank Of Taiwan
Tuesday, 11 Oct 2016 09:15am EDT 

Micron Technology Inc : Micron Technology - on Oct. 11, Inotera, Micron Semiconductor Taiwan Co, as co-borrowers, entered into a syndicated loan agreement with Bank Of Taiwan . Micron Technology - loan agreement provides for secured delayed single-draw term loan facility, with maximum aggregate borrowing amount of about US$2.54 billion . Micron Technology Inc says borrowings under loan agreement can be made in a single draw on or prior to July 10, 2017 - SEC filing .Micron Technology Inc says Micron expects amount of about US$2.54 billion under loan agreement to be borrowed on or before December 6, 2016.  Full Article

Micron Q4 non-GAAP loss per share $0.05
Tuesday, 4 Oct 2016 04:03pm EDT 

Micron Technology Inc : Q4 revenue rose 11 percent to $3.22 billion . Micron technology says "we are seeing improving market conditions in terms of both slowing supply growth and improving demand across a number of key segments" . Q4 revenue rose 11 percent to $3.22 billion . Q4 non-gaap loss per share $0.05 . Q4 gaap loss per share $0.16 .Q4 earnings per share view $-0.12, revenue view $3.15 billion -- Thomson Reuters I/B/E/S.  Full Article

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