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Micron Technology Inc (MU)
Quote as of 4:00 PM ET 09/03/2010 (NASDAQ GS)
Last: 7.05 Change: $.00 Percent Change: .00 Volume: 0
Micron Technology, Inc. is a global manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM) and Nandi Flash memory (NAND). In addition, the Company manufactures complementary metal-oxide semiconductor (CMOS) image sensor products under a wafer foundry arrangement. The Company operates in two segments, Memory and Imaging. The Memory segment?s primary products are DRAM and NAND Flash, which are memory components used in an array of electronic applications, including personal computers, workstations, network servers, mobile phones, Flash memory cards, universal serial bus (USB) storage devices, moving picture experts group layer-3 audio (MP3/4) players and other consumer electronics products. On July 10, 2009, the Company sold a 65% interest in Aptina Imaging Corporation (Aptina) to Riverwood Capital and TPG Capital. In May 2010, Micron Technology, Inc. acquired Numonyx B.V.

BRIEF: Analyst: Micron may boost rolein cell phones: Worldwide sales of memory for mobile units is forecast to rise sharply this year.

Jul 24, 2010 (The Idaho Statesman - McClatchy-Tribune Information Services via COMTEX) -- Micron Technology Inc.'s acquisition of NOR flash technology, arising from its purchase this year of a Swiss manufacturer, will allow Micron to expand its presence in the burgeoning market for memory for cell phones, an industry analytical firm said Friday.

Micron's purchase of Numonyx allows the Boise computer-memory company to better compete with dominant Korean supplier Samsung Electronics Co. Ltd., according to iSuppli Corp. of El Segundo, Calif.

But analyst Michael Yang said Micron "still has work to do to develop its product line."

Global mobile memory revenue, consisting of NAND flash, NOR flash and mobile DRAM used in cell phones, is expected to rise to $10.2 billion in 2010, up 49.9 percent from $6.8 billion in 2009, iSuppli predicted. Revenue will likely rise another 9.6 percent to $11.2 billion in 2011, the company said.

NOR (short for not-or, a computer-logic term) is a type of flash memory Micron hadn't made for years before buying Numonyx. NOR is often used to store executable code and is common in mobile devices.

Numonyx was the world's leading supplier of NOR flash memory in the first quarter of 2010, with 32.6 percent share of global revenue.

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