Last quarter, Micron Technology
In the fourth quarter of fiscal 2009 (ended in early September) , Micron saw the average selling price for computer-standard DRAM memory chips rise 8% over the previous quarter. That was the first sequential price gain in, gosh ... years. The fourth quarter saw DRAM prices skyrocket by 21%, and it finally looks like the industrywide oversupply situation is over.
This is great news for memory makers like Micron, Samsung, and Toshiba, but not quite as brilliant for gadget designers like Apple
All in all, Micron reported a net profit of $0.23 per share in the fourth quarter, on $1.7 billion of revenue. That's an enormous improvement from its $0.93 loss per share on sales of $1.4 billion a year ago. Of course, Micron's share price has quadrupled since hitting rock bottom in late 2008, so the good news is hardly a shock today. It's just a bit better than you might have expected.
Those shares are about to make another kind of move, too. After 19 years on the New York Stock Exchange, Micron is moving the MU ticker over to Nasdaq OMX Group's
The company joins Seagate Technology
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