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Earnings Analysis: 
Standard Micro Drops 10%, Micron Rises
Author: 123jump.com Staff
123jump.com
Last Update: 11:18 PM ET October 02 2008


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Micron Technology, a memory chip maker reported fourth quarter flat revenues of $1.45 billion and net loss of $344 million or 45 cents a share. Standard Microsystems Corp, a chipmaker second quarter revenues fell 0.31% to $97.2 million and net income fell 6.45% to $8.7 million or 38 cents a share.

 
[R]10:00AM New York - Micron Technology, Inc revenue rose 0.70% and net loss of $344 million. Standard Microsystems Corporation revenue fell 0.31% and net income fell 6.45%.[/R]

Micron Technology, Inc, memory chip maker said fourth quarter revenues rose 0.69% to $1.45 billion from $1.44 billion a year ago. Net loss in the quarter was $344 million or 45 cents per diluted share compared to net loss of $158 million or 21 cents per share, a year ago.

For the full year, the company posted a loss of $1.62 billion, or $2.10 a share compared with a loss of $320 million or 42 cents per share a year earlier. Excluding items, the year's loss totaled $1.32 per share. Revenue rose 3% to $5.84 billion from $5.69 billion.

Micron Technology, Inc (MU: chart) in the last one year traded as high as $11.92 in October 2007 and as low as $3.61 in September 2008. Based on the yesterday’s closing price the company has a market cap of $3.27 billion.

Standard Microsystems Corporation, a chipmaker said second quarter revenues fell 0.31% to $97.2 million from $97.5 million a year ago. Net income in the quarter fell 6.45% to $8.7 million or 38 cents per diluted share compared to net income of $9.3 million or 39 cents a share a year ago.

Standard Microsystems Corporation (SMSC: chart) in the last one year traded as high as $39.95 in October 2007 and as low as $24.47 in September 2008. Based on the yesterday’s closing price the company has a market cap of $569.00 million.

Xyratex Limited, a provider of data storage technology said third quarter revenues rose 19.9% to $280.8 million from $234.2 million a year ago. Net income in the quarter rose 81% to $7.8 million or 26 cents per diluted share compared to net income of $4.3 million or 14 cents per share, a year ago.

Xyratex Limited (XRTX: chart) in the last one year traded as high as $22.97 in June 2008 and as low as $10.01 in September 2008. Based on the yesterday’s closing price the company has a market cap of $325.43 million.
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