Forbes - Markets
Micron: Signs of Stabilizing PC Demand And A Focus on New Growth Segments Bodes Well
At the Citi 2015 Global Technology Conference last week, leading memory products manufacturer Micron Technology admitted to seeing signs of stability in the PC market, with reductions in inventory throughout the network and the channel. This could give some breathing room for the company, which has seen a steep decline in its valuation since the start of 2015. Year to date, Micron’s stock is down more than 50%. Weaker-than-expected PC sales, adverse currency headwinds, and Micron’s guidance that its DRAM and NAND output (or "bit") growth will lag that of the market in calendar year 2015, are some of the key factors that have contributed to the weak investor sentiment around the company.
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