News Byte

Micron Names Durcan CEO; Switz Chairman, After Appleton’s Death in Plane Crash

Memory-chip maker Micron Technology on Saturday named D. Mark Durcan as CEO and Robert E. Switz as chairman, following the death of Steven Appleton, who had long held those positions. Appleton died Friday in a plane crash in Boise. Sales executive Mark W. Adams was named president.

The World Is Overflowing With Memory Chips

The economy, the euro and Thailand have combined into a perfect storm that has caused memory chip inventories to pile up to extreme levels.
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Rambus Is Dealt Patent Setback

A U.S. appeals court dealt a blow to Rambus Inc.–and its share price–as it vacated the chip technology company’s win in a patent case against Hynix Semiconductor Inc.

Worries About Phishing Attacks Rise as Epsilon Data Breach Mess Goes On

More companies are drawn into the Epsilon data breach. But don’t worry. Its parent, Allied Data Systems, says it expects “minimal impact” on its operations. Meanwhile, worries about phishing attacks against consumers remain high.

Days After Its Release, the IPad 2 Gets the Teardown Treatment

Like night follows day, an Apple product release is always followed by a bunch of reports by people who live to tear the latest gadgets apart to see what’s inside, and more importantly to investors, to estimate what everything inside them costs. The release of the iPad 2 has been no different.

Memory Chips Are About to Get Cheaper

As demand for PCs has slowed, so has demand for the memory chips that go into them. Good news for everyone but the companies that make memory.

2010 Was a Boom Year in Chip Sales

When 2010 ends, worldwide sales of chips will have grown by their largest single-year increase ever, the market research firm iSuppli says in its latest survey of the global semiconductor market.

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Intel Downgrade Hits Tech Sector

Technology stocks fell hard, as an apparent decline in demand for personal-computer components spurred fears of a sales knock to chip-making giant Intel Corp. and its peers. Several analysts said they had seen a dismal start to August for PC-related orders coupled with piling-up inventories of memory chips, a worrying sign for Intel and other chip makers that were coming off record quarters and had predicted the strength would continue.

Apple Ups Stake in iPhone Chip Firm

Apple put some of the vast $28 billion in cash and short-term investments it has socked away to good use this week by raising its stake in Imagination Technologies. The $5.16 million investment nearly triples Apple’s original 3.6 percent stake, giving it 9.5 percent ownership of the British chip designer whose PowerVR graphics technology figures prominently in the iPhone and iPod touch.
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Micron: Another Rough Quarter; Cuts Exec Pay By 20 Percent

Micron (MU) posted worse-than-expected results this afternoon for its fiscal fourth quarter ended August 28. The memory chip company posted revenue of $1.45 billion, below the Street consensus at $1.54 billion. The company lost $344 million in the quarter, including a $205 million write-down of inventory and work in progress, offset by a gain of $70 million for price adjustments for NAND products purchased from other suppliers in prior periods.