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Micron Technology Inc (MU.O)

MU.O on Nasdaq

23.77USD
21 Feb 2017
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$0.42 (+1.80%)
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Latest Key Developments (Source: Significant Developments)

Micron CEO Mark Durcan announces upcoming retirement
Thursday, 2 Feb 2017 12:51pm EST 

Micron Technology Inc : Micron CEO announces upcoming retirement . Says CEO Mark Durcan to retire . Board of directors has formed a special committee to oversee succession process and has initiated a search .Mark Durcan will continue to lead Micron as CEO during process.  Full Article

Micron Technology sees Q2 2017 revenue $4.35 bln to $4.70 bln
Wednesday, 21 Dec 2016 04:05pm EST 

Micron Technology Inc : Sees Q2 2017 revenue $4.35 billion to $4.70 billion . Sees Q2 2017 diluted EPS in range of $0.58 – $0.68 . Sees Q2 2017 gross margin 31 pct to 34 pct . Sees Q2 2017 operating expenses $590 million to $640 million .Q2 earnings per share view $0.39, revenue view $3.91 billion -- Thomson Reuters I/B/E/S.  Full Article

Micron Technology Inc says, on November 18, 2016, Co's unit entered into a Facility Agreement - SEC Filing
Friday, 18 Nov 2016 01:07pm EST 

Micron Technology Inc : On November 18, 2016 unit entered into a Facility Agreement - SEC Filing . MSA Capital II will lease such purchased certain equipment back to Micron Singapore . Facility Agreement provides for secured multiple-utilization term loan facility,with maximum aggregate borrowing amount of $800 million . Proceeds of loans under Agreement will be used by MSA Capital II to buy certain equipment from Micron Singapore .Under Facility Agreement loans will mature 5 years after date of first loan utilization.  Full Article

Tsinghua Unigroup says not in talks with Micron regarding Changjiang Storage
Friday, 18 Nov 2016 07:00am EST 

Tsinghua Unigroup Ltd : Says it has not entered any negotiations with U.S. company Micron Technology and any other companies regarding Changjiang Storage .Says Changjiang Storage Vice Chairman Ding Wenwu has never made any comment or released any information on this.  Full Article

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

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