Featured Articles

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

Snapdragon 400 is Qualcomm’s SoC for watches, wearables

We wanted to learn a bit more about Qualcomm's plans for wearables and it turns out that the company believes its…

More...
Qualcomm sampling 20nm Snapdragon 810

Qualcomm sampling 20nm Snapdragon 810

We had a chance to talk to Michelle Leyden-Li, Senior Director of Marketing, QCT at Qualcomm and get an update on…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 24 June 2014 12:16

Micron doing better than expected

Written by Nick Farrell

PC demand rising

It looks like the PC downturn is coming to a close. Memory chipmaker Micron Technology posted fiscal third-quarter results above expectations. It said that pent up demand for personal computers is bolstering demand for its DRAM chips. It is the first time the outfit has offered a quarterly revenue forecast, which also exceeded analysts' estimates.

Micron President Mark Adams said on a conference call with analysts that corporates were needing to refresh desktops and notebooks and this was leading to better-than-expected sector performance. He said that recent industry consolidation is putting an end to extreme price volatility that in difficult years has left larger companies losing money and driven smaller players out of business.

Micron's quarterly results include bankrupt Japanese DRAM maker Elpida Memory, which the U.S. chipmaker acquired in July 2013 in a bid to improve economies of scale. Micron said its revenue jumped 72 percent to $3.98 billion in the third quarter, which ended in May. Analysts on average expected revenue of $3.89 billion.

Micron reported a net profit of $806 million, compared with a net profit of $43 million. Micron forecast revenue for the current quarter between $4 billion and $4.2 billion. Analysts had expected fourth-quarter revenue of about $4.06 billion.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments