Wednesday, March 28, 2012

Micron posts mixed results as low chip prices weigh

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The slide into bankruptcy of Japanese DRAM chipmaker Elpida in February has created expectations that chipmakers' pricing power, diminished by oversupply, will bounce back this year.
But Micron said DRAM prices had yet to rise and that prices for NAND had fallen compared with the prior quarter.
In after-hours trade, its shares were down 3.2 percent at $8.43, after having closed at $8.71 on the Nasdaq. Shares of Micron, the top U.S. memory chipmaker, are up nearly 40 percent year to date.

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