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Micron Technology Inc (MU.OQ)

MU.OQ on NASDAQ Stock Exchange Global Select Market

44.74USD
21 Sep 2018
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$-1.32 (-2.87%)
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Latest Key Developments (Source: Significant Developments)

Micron Technology Sees Q1 EPS To Be $2.95, Plus Or Minus $0.07
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Micron Technology Inc ::MICRON TECH - CEO SAYS IN 2019 , PLAN TO GROW DRAM BITS IN LINE WITH ESTIMATED INDUSTRY GROWTH OF ABOUT 20 PERCENT - CONF CALL.MICRON TECH - CEO SAYS IN FY 2019, DRAM PROFITABILITY WILL REMAIN STRONG AS MARKET CONTINUES TO BENEFIT FROM LONG-TERM GROWTH DRIVERS- CONF CALL.MICRON TECH - DRAM ASPS WERE FLAT FROM THE PRIOR QUARTER - CONF CALL.MICRON TECH - NAND ASPS DECREASED IN THE MID-TEENS PERCENTAGE RANGE FROM THE PRIOR QUARTER - CONF CALL.MICRON TECH - GROSS MARGINS WILL BE IMPACTED IN THE NEAR-TERM BY THE ANNOUNCED 10 PERCENT TARIFF ON $200 BILLION OF IMPORTS FROM CHINA- CONF CALL.MICRON TECH - SEES Q1 REVENUE OF $7.9 BILLION TO $8.3 BILLION - CONF CALL.MICRON TECH - SEES Q1 EARNINGS PER SHARE TO BE $2.95, PLUS OR MINUS $0.07 - CONF CALL.MICRON TECH - CFO SAYS "SEEING SOME IMPACT OF CPU SHORTAGES IN THE CLIENT COMPUTE MARKET" - CONF CALL.MICRON TECH - CFO SAYS MICRON WILL NO LONGER DISCLOSE GROSS MARGIN SEPARATELY FOR DRAM AND NAND CATEGORIES - CONF CALL.MICRON TECH - EXPECTS TO MITIGATE IMPACT FROM U.S. TARIFFS OVER NEXT 3 TO 4 QUARTERS - CONF CALL.MICRON TECH - SAYS IT DOES NOT KNOW "EXACTLY HOW LONG THE CPU SHORTAGE WILL LAST" - CONF CALL.MICRON TECH - CFO SAYS TARIFFS IMPACTING GROSS MARGINS BY 50 TO 100 BASIS POINTS - CONF CALL.  Full Article

Appaloosa Management Founder David Tepper Says Stocks Could Drop 5 Pct To 20 Pct If China Trade War Worsens - CNBC
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - :APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS TIDE IS TURNING TOWARD TIGHTER MONEY - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS CHINA TARIFFS COULD MAKE IT TOUGH ON STOCKS - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS MARKET FAIRLY VALUED IF NO TARIFFS ON CHINA - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS CURRENCIES WILL BE IMPACTED BY TARIFFS - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS MARKET IS IN "LATE INNINGS" OF CYCLE- CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS "FAIRLY VAUED" MARKET MEANS ABOUT 8 PERCENT RETURNS - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS STOCK MARKET ADJUSTMENT IS POSSIBLE - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS TOO MANY TAX CUTS AT TIME OF ECONOMIC GROWTH WERE NOT REQUIRED - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS STOCKS COULD DROP 5 PERCENT TO 20 PERCENT IF CHINA TRADE WAR WORSENS - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS "I'VE TAKEN DOWN MY EXPOSURE," NOT SURE WHAT'S GOING TO HAPPEN WITH TARIFFS - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS TAX CUTS WERE TOO STEEP AND LIKELY BORROWED ECONOMIC GROWTH FROM FUTURE -CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS HE IS NOW ABOUT 25 PERCENT EXPOSED TO THE STOCK MARKET- CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS STOCK MARKET RALLY HAS BEEN BETTER THAN HE HAD ANTICIPATED - CNBC.APPALOOSA MANAGEMENT FOUNDER DAVID TEPPER SAYS STILL HOLDING ON FACEBOOK STOCK- CNBC.  Full Article

Micron Invests $3 Billion In Semiconductor Manufacturing Plant In Manassas, Virginia
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Micron Technology Inc ::MICRON ANNOUNCES INVESTMENT IN ITS SEMICONDUCTOR MANUFACTURING PLANT IN MANASSAS, VIRGINIA.MICRON TECHNOLOGY - PLANS TO INVEST $3 BILLION BY 2030 TO INCREASE MEMORY PRODUCTION AT ITS PLANT IN MANASSAS, VIRGINIA.MICRON TECHNOLOGY - INVESTMENTS CONTEMPLATED IN CO'S LONG-TERM MODEL TO INVEST CAPITAL EXPENDITURE IN LOW THIRTIES AS A PERCENT OF REVENUE.MICRON TECHNOLOGY - INITIAL CLEAN ROOM EXPANSION EXPECTED TO BE COMPLETED IN FALL OF 2019 WITH PRODUCTION RAMP IN H1 2020.  Full Article

Greenlight Capital Dissolves Share Stake In Roku, Tapestry, Cuts In Twitter
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Greenlight Capital Inc::GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN ABERCROMBIE & FITCH - SEC FILING.GREENLIGHT CAPITAL INC TAKES SHARE STAKE OF 51,600 SHARES IN BEST BUY CO INC.GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN OFFICE DEPOT INC.GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN ROKU INC.GREENLIGHT CAPITAL INC DISSOLVES SHARE STAKE IN TAPESTRY INC.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN TWITTER INC BY 36.0 PERCENT TO 1.6 MILLION SHARES.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN MICRON TECHNOLOGY INC BY 91.8 PERCENT TO 275,500 SHARES.GREENLIGHT CAPITAL INC CUTS SHARE STAKE IN CNX RESOURCES CORP BY 28.3 PERCENT TO 7.6 MILLION SHARES.GREENLIGHT CAPITAL INC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2018.  Full Article

Micron Provides Statement On Fujian Province Patent Litigation
Thursday, 5 Jul 2018 

July 5 (Reuters) - Micron Technology Inc ::MICRON PROVIDES STATEMENT ON FUJIAN PROVINCE PATENT LITIGATION.MICRON TECHNOLOGY - CHINA COURT NOTIFIED 2 CHINESE UNITS IT HAS GRANTED PRELIMINARY INJUNCTION AGAINST ENTITIES IN PATENT INFRINGEMENT CASES FILED BY UMC, JINHUA.SINCE Q4 IS UNDERWAY, ANTICIPATES THAT NEGATIVE IMPACT TO REVENUE THIS QUARTER RELATING TO INJUNCTION WILL BE ABOUT 1%.CONTINUES TO EXPECT REVENUE FOR FOURTH FISCAL QUARTER WITHIN PREVIOUSLY GUIDED RANGE OF $8.0 TO $8.4 BILLION.AFFECTED PRODUCTS MAKE UP SLIGHTLY MORE THAN 1 PERCENT OF MICRON'S ANNUALIZED REVENUES.WILL COMPLY WITH RULING WHILE REQUESTING FUZHOU COURT TO RECONSIDER OR STAY ITS DECISION.Q4 REVENUE VIEW $8.27 BILLION -- THOMSON REUTERS I/B/E/S.MICRON - PRELIMINARY INJUNCTION ENJOINS CHINESE UNITS FROM MANUFACTURING, SELLING, IMPORTING SOME CRUCIAL, BALLISTIX-BRANDED DRAM MODULES, SOLID STATE DRIVES IN CHINA.  Full Article

Micron Technology Says Entered Into A Credit Agreement With JPMorgan Chase Bank, N.A
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Micron Technology Inc ::MICRON TECHNOLOGY SAYS ENTERED INTO A CREDIT AGREEMENT WITH JPMORGAN CHASE BANK, N.A.MICRON TECHNOLOGY INC - CREDIT AGREEMENT PROVIDES COMMITTED $2 BILLION REVOLVING CREDIT FACILITY THAT MATURES 5 YEARS AFTER THE EFFECTIVE DATE.MICRON TECHNOLOGY SAYS REVOLVING CREDIT FACILITY INCLUDES A $200 MILLION LETTER OF CREDIT SUBLIMIT.MICRON TECHNOLOGY - REVOLVING CREDIT FACILITY IS SCHEDULED TO MATURE ON JULY 3, 2023.  Full Article

Micron Technology Reports Q3 Non-GAAP EPS $3.15
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Micron Technology Inc ::MICRON TECHNOLOGY, INC., REPORTS RESULTS FOR THE THIRD QUARTER OF FISCAL 2018.MICRON TECHNOLOGY INC <<>> Q3 NON-GAAP SHR $3.15.MICRON TECHNOLOGY INC <<>> Q3 GAAP SHR $3.10.MICRON TECHNOLOGY INC <<>> Q3 SHR VIEW $3.12 -- THOMSON REUTERS I/B/E/S.MICRON TECHNOLOGY INC <<>> Q3 REVENUE $7.8 BLN VS I/B/E/S VIEW $7.75 BLN.MICRON TECHNOLOGY INC - ENDED QUARTER WITH A NET CASH POSITIVE POSITION.MICRON TECHNOLOGY INC - OVERALL CONSOLIDATED GROSS MARGIN OF 60.6 PERCENT FOR Q3 OF 2018 WAS HIGHER COMPARED TO 58.1 PERCENT FOR Q2 OF 2018.MICRON TECHNOLOGY INC - "SEE ONGOING MOMENTUM AND HEALTHY INDUSTRY FUNDAMENTALS IN Q4".  Full Article

Micron Forecasts Q3 Earnings Per Share $3.12 To $3.16
Monday, 21 May 2018 

May 21 (Reuters) - Micron Technology Inc ::MICRON HOSTS ANALYST AND INVESTOR EVENT AND UPDATES GUIDANCE FOR FISCAL THIRD QUARTER.SEES Q3 EARNINGS PER SHARE $3.12 TO $3.16.SEES Q3 REVENUE $7.7 BILLION TO $7.8 BILLION.  Full Article

Appaloosa LP Dissolves Share Stake in Comcast, Southwest Airlines
Tuesday, 15 May 2018 

May 15 (Reuters) - Appaloosa LP::APPALOOSA LP CUTS SHARE STAKE IN BANK OF AMERICA CORP BY 36.1 PERCENT TO 11 MILLION SHARES - SEC FILING.APPALOOSA LP DISSOLVES SHARE STAKE IN SOUTHWEST AIRLINES CO.APPALOOSA LP TAKES SHARE STAKE OF 7.0 MILLION SHARES IN UBS GROUP AG.APPALOOSA LP UPS SHARE STAKE IN MGM RESORTS INTERNATIONAL BY 74.9 PERCENT TO 4.1 MILLION SHARES.APPALOOSA LP UPS SHARE STAKE IN MICRON TECHNOLOGY INC BY 28.7 PERCENT TO 35.4 MILLION SHARES.APPALOOSA LP DISSOLVES SHARE STAKE IN COMCAST CORP.APPALOOSA LP TAKES SHARE STAKE OF 1.3 MILLION SHARES IN LAM RESEARCH CORP.APPALOOSA LP UPS SHARE STAKE IN CAESARS ENTERTAINMENT CORP TO 12.7 MILLION SHARES FROM 5.9 MILLION SHARES.APPALOOSA LP UPS SHARE STAKE IN DOLLAR GENERAL CORP BY 47.3 PERCENT TO 1.2 MILLION SHARES.APPALOOSA LP TAKES SHARE STAKE OF 1.6 MILLION SHARES IN APPLIED MATERIALS INC.APPALOOSA LP CUTS SHARE STAKE IN NRG ENERGY INC TO 6.7 MILLION SHARES FROM 9.8 MILLION SHARES.APPALOOSA LP TAKES SHARE STAKE OF 2.9 MILLION SHARES IN WELLS FARGO & CO.APPALOOSA LP - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

Omega Advisors Dissolves Share Stake In CBS, MGM Resorts, Cemex
Tuesday, 15 May 2018 

May 15 (Reuters) - Omega Advisors::UPS SHARE STAKE IN CITIGROUP TO 683,900 SHARES FROM 130,000 SHARES - SEC FILING.DISSOLVES STAKE IN CBS CORP - SEC FILING.UPS SHARE STAKE IN SYNCHRONY FINANCIAL TO 1.7 MILLION SHARES FROM 1.2 MILLION SHARES - SEC FILING.DISSOLVES STAKE IN MGM RESORTS INTERNATIONAL - SEC FILING.DISSOLVES STAKE IN CEMEX SAB DE CV- SEC FILING.CUTS SHARE STAKE IN ALLY FINANCIAL TO 267,680 SHARES FROM 872,368 SHARES - SEC FILING.TAKES SHARE STAKE OF 268,700 SHARES IN MICRON TECHNOLOGY - SEC FILING.CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

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Factbox - U.S. companies react on impact of Trump trade tariffs

China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion (£45.88 billion) of U.S. products to its tariff list, retaliating to U.S. President Donald Trump's planned levies on $200 billion worth of Chinese goods.