Dallas, Texas 07/30/2013 (Financialstrend) – Micron Technology Inc is known for offering advanced semiconductor solutions. It is known to have operation across the world. MU manufacturers as well as markets the complete series of DRAM, NAND and NOR flash memory. The company also provides innovative memory technologies, semiconductor solutions as well as packaging systems to be used by consumers, networking system computing system and mobile. The common stock of Micron Technology is traded with MU symbol on NASDAQ.
Micron’s acquisition of Elpida’s 100 equity is anticipated to close on July 31st , 2013 as per Tokyo Time. On July 2nd, a Sponsor Agreement was done which was related to Elpida’s corporate reorganizations to be done. Upon closing of the transaction, this will have final approval from the Tokyo District Court. Micron is expected to close its acquisition of Rexchip Electronics Corporation(24% share acquisition) as well as other companies as well.
Weak demand of NAND flash memory drives has lead to fall in share of Micron Technology Inc(NASDAQ:MU). The sale of smartphones in the last quarter was much lesser than that of the numbers anticipated and that is why there were fewer demands for the NAND Flash Memory.
Micron Technology Inc (NASDAQ:MU)’s new Board of Directors
Warren East has been appointed as to the Board of Directors of Micron Technology Inc (NASDAQ:MU). On July 18th, a conference was held for the shareholders after Warren got his appointment to Board of Directors of the company. Warren East had worked as the former CEO of ARM Holdign PLC. Despite the fall of company’s performance in the recent time, the demand for company’s share is sure to go high. There have been number of calls at the stock regarding shares of Micron Technology which shows that company share prices is going to increase in near future. The shares of MU have been given hold rating (16 no.s), buy rating ( 13 in no.s) , sell rating (2 in no.s) and one gave buy rating