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Micron Technology Inc. (MU) Wrap Up:

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR, DDR2, DDR3, and other specialty DRAM memory products, such as SDRAM, mobile DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. Micron Technology?s products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still cameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as Web-based customer direct sales channel. Micron Technology, Inc. has joint ventures with Intel Corporation, Singapore Economic Development Board, Canon Inc., and Hewlett-Packard Company, Nanya Technology Corporation, and Photronics, Inc. The company was founded in 1978 and is headquartered in Boise, Idaho.
www.micron.com
18,200 Employees
Founded in 1978

Micron Technology Inc. (MU:NYSE)

LAST $7.26 USD
CHANGE TODAY +0.14 1.97%
VOLUME 23.0M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Micron Technology Inc. (MU)

OPEN
$7.05
PREVIOUS CLOSE
$7.12
DAY HIGH
$7.31
DAY LOW
$6.94
52 WEEK HIGH
10/12/09 - $9.13
52 WEEK LOW
11/20/08 - $1.59
MARKET CAP
6.2B
AVERAGE VOLUME 3 mo
19.6M
DILUTED EPS TTM
$-2.69
SHARES OUTSTANDING
849.8M
MU Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

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MU Top Compensated Officers

Mr. Steven R. Appleton
Chairman and Chief Executive Officer
Age: 49
Total Annual Compensation: $731.9K
Mr. D. Mark Durcan
President and Chief Operating Officer
Age: 48
Total Annual Compensation: $462.2K
Mr. Ronald C. Foster
Chief Financial Officer, Principal Accounting...
Age: 58
Total Annual Compensation: $375.9K
Mr. Mark W. Adams
Vice President of Worldwide Sales
Age: 44
Total Annual Compensation: $331.7K
Mr. Brian M. Shirley
Vice President of Memory
Age: 40
Total Annual Compensation: $400.6K

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Micron Technology Inc. (MU)

Micron Introduces New NAND and Low-Power DRAM Multi-Chip Packages Built on the Most Advanced Processes

Micron Technology Inc. announced the company has combined the 34-nanometer(nm) 4Gb SLC NAND flash memory and 50nm 2Gb LPDDR to produce the most advanced NAND-LPDDR MCP combination in the market. Micron's new 4Gb NAND-2Gb LPDDR MCP is targeted at smart phones, personal media players and emerging MIDs where small form factor, low-cost and power savings are critical features. Micron is currently sampling the 4Gb NAND-2Gb LPDDR MCP with customers and expects to be in volume production in early 2010. The 4Gb NAND-2Gb LPDDR combination is targeted at mainstream densities in mobile devices, but Micron has the flexibility to support higher densities--up to 8Gb NAND and 8Gb LPDDR--as the mobile market integrates sophisticated multimedia functionality. Visit the Micron Innovations blog to learn more about Micron's new MCP products and read an insider's perspective on the shifting mobile memory landscape.

Micron Technology Inc., Annual General Meeting, Dec 10, 2009

Micron Technology Inc., Annual General Meeting, Dec 10, 2009, at 09:00 US Mountain Time. Location: 8000 South Federal Way, Boise, ID 83716-9632,United States. Agenda: To elect directors to serve for the ensuing year and until their successors are elected and qualified; to approve the company's executive officer performance incentive plan; to ratify the appointment of PricewaterhouseCoopers LLP as the Independent registered public accounting firm of the company for the fiscal year ending September 2, 2010; and to transact such other business as may properly come before the meeting or any adjournment thereof.

Micron Technology Inc. Introduces New Line of 34nm Multi-Level Cell NAND for Enterprise Storage Systems, Providing 6x the Endurance

Micron Technology Inc. is meeting customers' requirements by announcing that it has leveraged its 34nm NAND process to manufacture an MLC Enterprise NAND device, which provides enterprise organizations a way to cost-effectively and reliably double their flash-based enterprise storage capacity (since MLC provides twice the capacity in the same die size as SLC). Micron's new MLC Enterprise NAND device achieves 30,000 write cycles--a 6x increase in endurance when compared to standard MLC NAND. And for enterprise applications that are more performance driven, the company also introduced a 34nm SLC Enterprise NAND device that achieves 300,000 write cycles--a 3x increase in endurance when compared to standard SLC NAND. Additionally, leveraging the full performance capability of NAND, Micron's newest Enterprise NAND products also support the ONFI 2.1 synchronous interface, delivering a 4-to 5x improvement in data transfer rates when compared to legacy NAND interfaces. Micron's 34nm Enterprise NAND portfolio includes a 32Gb MLC NAND chip and a 16Gb SLC NAND chip that can be configured into multi-die, single packages supporting densities up to 32GB MLC and 16GB SLC, respectively. The company is now sampling its Enterprise NAND products with customers and controller manufacturers, and is expected to be in volume production in early 2010. For further explanation on Micron's Enterprise NAND products visit Micron's Innovations blog to catch a video that describes how the company leveraged its mature 34nm NAND process to achieve these levels of reliability.

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MU Competitors

Company Last Change
Advanced Micro Devices Inc $6.95 USD -0.10
Agilent Technologies Inc $28.91 USD -0.22
Infineon Technologies €3.11 EUR -0.11
SanDisk Corp $20.24 USD +0.12
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation MU Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

MU

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MU transactions

Type
Date
Target
Merger/Acquisition
June 1, 2009
Aptina Imaging Corporation

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