Micron's Balancing Act

Lower memory chip prices are still chipping away at Micron Technology's bottom line, but it believes the trend may be coming to an end.

On Thursday after the bell, the maker of computer memory chips reported third-quarter earnings largely in line with analysts’ estimates, but falling memory chip prices continued to cause Micron pain.

Micron (nyse: MU - news - people ) shares fell 1.3%, or 9 cents, to $6.90, in after-hours trading.

Since 2007, a glut of memory chips has driven down prices. Micron said that, as of now, it is starting to see supply and demand balance out.

Read Full Article from Forbes

- Posted: 2008-06-26 22:06:36

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