Memory maker Micron Technology reported a fourth-quarter loss after chip prices continued to fall.
Micron blamed declines in the prices for DRAM memory and NAND flash memory chips, both of which saw their average selling prices drop by 15 percent in the quarter The company said it lost $158 million compared to a profit of $64 million a share, a year ago. Revenue was slightly up from last year's $1.37 billion to $1.4 billion.
Other stocks in the chip industry feel after investors got nervous about the effects that falling chip revenue will have on other companies.