Dallas, Texas 05/27/2014 (FINANCIALSTRENDS) – Recently, Micron Technology, Inc. (NASDAQ:MU) presented at the JP Morgan Technology, Media & Telecom Conference on May 21, 2014. Ivan Donaldson, Micron’s Director of Investor Relations represented the company at the conference. Here in below is the highlight of the company’s business overview as revealed by Mr. Donaldson during the session facilitated by JP Morgan’s Semiconductor and Semiconductor Capital Equipment Analyst, Harlan Sur.
Micron Technology, Inc. (NASDAQ:MU)’s 70% of revenue comes from DRAM and NAND contributes the most of the rest. The company has been diversifying rapidly so as to respond to the changing dynamics of the PC, mobile and cloud industries. Going forward, the company expects mobile and server to represent the most of its business growth. Presently server contributes 15% to 17% of its DRAM business; mobile contributes around 30% and PC segment still leads with 40% of its overall DRAM business.
As far NAND business is concerned, the company looks forward to grow its own SSD business. Presently, solid state drive contributes around 45% of its NAND business as the company sells components of SSDs to third party manufacturers as well as its own Micron branded SSDs. The company is strategically looking forward to reduce its card or component portion under the NAND business as it looks forward to focus more on system level solutions.
Donaldson of Micron Technology, Inc. (NASDAQ:MU) views balanced demand supply in DRAM market with little bit of undersupply because of volatile pricing in the PC market. However, he confirmed the stability prevailing in the mobile market. In NAND market there was some over supply resulting in price reductions during the first half of the current year, however, positive trend is expected during the second half given the market situation to turn favorable.
On Friday, the stock of Micron Technology gained 0.59% and closed at $27.33. The stock has gained over 28% year to date and more than 135% over past twelve months.