A micro-view at Micron Technology, Inc (NASDAQ:MU)

Posted by Samantha Donahue July 31, 2013 0 Comment 1893 views

Micron Technology, Inc (NASDAQ:MU)’s Elpida 100 equity acquisition is expected to close on 31 July 2013. A sponsor agreement was actioned on 2 July. Post closing of this transaction, the final approval will come from the District Court in Tokyo. The company will be closing the 24% share acquisition of Rexchip Electronics Corporation as well as that of some other companies.

There has been an overall drop in the demand for NAND flash memory drives which has impacted Micron’s performance. The last quarter saw a major drop in smartphone sales and NAND Flash memory orders dropped too.

Addition to the board

MU recently announced that Warren East has been appointed to its Board of Directors. Prior to this, he was the Chie Executive officer of ARM Holdings PLC. The company has not been on a health trip over the last several days but bullish speculation over its stock continues. The number of calls regarding the company has increased. This is an indication that the MU share prices will rise in the near future.

Latest stats

Micron Technology, Inc (NASDAQ:MU) rose by 1.04% in Tuesday’s trading session. The opening price of the share was $12.50 which reached an intraday high of $12.69 and closed at $12.31. Around 48.77 million shares were sold in yesterday’s trading session. The average volume of shares traded over a 30-day period was 48.88 million.

The company

Micron Technology, Inc (NASDAQ:MU) is a company that offers advanced semi-conductor solutions and operates on a global level. It manufactures and markets a vast range of NAND, DRAM as well as NOR flash memory. In addition, the company provides various innovative semiconductor solutions, memory technologies and packaging-systems that can be used by customers. Apart from this, Micron Technologies manufactures various semi-conductor components for different semiconductor products like imaging sensors. The company has manufacturing facilities in the U.S, Israel, China, Malaysia, Italy, Singapore and Puerto Rico.

About Samantha Donahue

Samantha Donahue is a digital fellow with GDP insider. Samantha earned a Bachelor's degree in Government from Cornell University and later his Master's degree in Journalism from Columbia University. She has also received numerous awards from the Associated Press, Society of Professional Journalists, and other media organizations for many of her exclusive stories. Samantha thrives reporting on breaking news and as a general assignments news reporter.

View all post by Samantha Donahue Visit author's website

Write Your Comment