Quarterly profits of Micron Technology fall 92% - San Francisco Chronicle
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Quarterly profits of Micron Technology fall 92% San Francisco Chronicle June 24, 2011 04:00 AM Copyright San Francisco Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. 
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That's how much quarterly profit fell at Micron Technology, the largest U.S. maker of memory chips. Net income for the Boise, Idaho, company plunged to $75 million from $939 million a year earlier. The price of dynamic random access memory for personal computers dropped as inventories grew and demand for consumer laptops and desktops remained sluggish. Orders also are slowing for chips used in mobile phones, CEO Steve Appleton said. Micron shares fell 14 percent on the news.
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Subscribe to the San Francisco Chronicle and get a gift:Sunday + a $15 gift cardFri-Sun + a $15 gift cardMon-Sun + a $25 gift card Quarterly profits of Micron Technology fall 92% Articles Number of the day 92 percent That's how much quarterly profit fell at Micron Technology , the largest U.S. maker of memory chips. Net income for the Boise, Idaho, company plunged to $75 million from $939 million a year... 
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