Micron Technology, Inc (NASDAQ:MU) strives to improve its revenue, Ford Motor Company (NYSE:F)

Posted by Chris Bell May 27, 2013 0 Comment 1326 views


Micron Technology, Inc (NASDAQ:MU): In Friday’s trading session, Micron Technology, Inc (NASDAQ:MU) gained 1.76%. Its opening price of $11.30 rose to touch an intraday high of $11.66 which eventually headed down to close at $11.29 per share. Over 28.60 million shares exchanged hands in the last trading session. This number stood below the average volume of 29.30 million that was measured over a 30-day period.

Micron Technology is recognized as a company that deals in semiconductors. However it holds numerous patents apart from processor chips. The solid-state field is one of them. Micron Technology, Inc (NASDAQ:MU) has had many innovations in this particular field. Probably, the most notable one is its capacity to increase storage-size while keeping access speeds steady.

However, it looks like MU has been unsuccessful in improving revenue while keeping a hold on operating expenses. Despite the fact that it has been an innovator in the technology field, the company largely seems to be spending more than it should. It reported losses in every single quarter of last year.

Ford Motor Company (NYSE:F): In Friday’s trading session, Ford Motor Company (NYSE:F) dipped 0.14%. Its opening price of $14.71 rose to touch an intraday high of $14.88 which eventually headed down to close at $14.66 per share. Over 25.29 million shares exchanged hands in the last trading session. This number stood below the average volume of 40.52 million that was measured over a 30-day period.

Ford Motor Company (NYSE:F) announced that its Australia manufacturing operations will be closed down by 2016. Two plants will be closed and 1200 workers will be laid-off. Ford as well as other automakers have been receiving heavy government subsidies. Despite this, the industry has not managed to keep up with the import requirements. The Australian dollar and the yen exchange rate seem to be the reason for this. Economists are of the opinion that the Ford goodbye will distinctly weaken the automobile industry in Australia. It could also have a negative impact on the other two manufacturers in Australia. Though the car industry directly employs around 45,000 Australians, quarter of a million people are employed in related businesses.


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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