Micron Technology, Inc. (NYSE:MU) has released the financial results for the first quarter of fiscal 2010. The company reported its net income attributable to Micron shareholders of $204 million, or $0.23 per diluted share on net sales of $1.74 billion. The results have improved when compared to a loss of $100 million, or $0.12 per diluted share on net sales of $1.3 billion for the fourth quarter of fiscal 2009.
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The company reviewed the financial results during a conference call held on Tuesday, December 22. Interested parties may listen to a telephone replay of the presentation at 706.645.9291. The conference number is 45034396. The replay will remain available until 5:30 pm MT December 29, 2009.
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.
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