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What products does Micron manufacture?
What are Micron’s target markets?
What are your earnings projections for the next fiscal quarter and for the year?
What were your earnings last fiscal quarter?
What were your earnings for the last fiscal year?
When will you report your next fiscal quarter earnings?
How much cash does Micron currently have?
What are current and future capital spending levels?
What was depreciation and amortization last year? What do you project for the current year?
In what way does Micron differentiate itself from other semiconductor manufacturers?
How many manufacturing facilities do you have and where are they located?

What products does Micron manufacture?

Micron is an industry leading, global manufacturer and marketer of semiconductor devices, principally DRAM and NAND Flash memory, but also CMOS image sensors (designed and marketed by our subsidiary, Aptina). Our products are offered in a wide variety of package and configuration options, architectures, and performance characteristics tailored to meet application and customer needs. We continually introduce new generations of products that offer lower costs per unit and improved performance characteristics.

DRAM: Dynamic Random Access Memory ("DRAM") products are high-density, low-cost-per-bit, random access memory devices that provide high-speed data storage and retrieval. Micron also dedicates a portion of its DRAM production to specialty memory products such as pseudo-static RAM ("PSRAM"), Mobile DRAM and Reduced Latency DRAM ("RLDRAM"). Specialty memory products are generally targeted to consumer electronics, networking, server, and mobile applications that require specific performance characteristics such as high density, low power, and low latency. The transition to specialty memory products has reduced our reliance on standardized, high-volume products sold for use as main memory in computers such as DDR2.

NAND Flash Memory: Flash memory products are electrically re-writeable, non-volatile semiconductor devices that retain memory content when power is turned off. Micron produces NAND Flash devices, which use semiconductor technology similar to DRAM. The market for NAND products has grown rapidly and we expect it to continue to grow due to demand for removable and embedded storage devices. Removable storage devices such as USB and Flash memory cards are used with a multitude of electronic and mobile devices including digital cameras, MP3 players, and mobile phones.

We made significant increases in our NAND output in fiscal 2008 as we further ramped production at the Lehi 300mm facility. Our move toward 34nm process technology-an industry first-will provide unparalleled efficiencies. This increase in NAND production will also allow further internal sourcing options for Lexar, Micron's subsidiary and a leading marketer and manufacturer of NAND Flash memory products.

Imaging: Complementary Metal-Oxide Semiconductor ("CMOS") image sensors capture and process images and video for a variety of consumer and industrial applications. Since entering the market in 2001, we've become a leading provider of 2, 3, and 5 megapixel CMOS image sensors to the industry's most popular, mainstream and high-end mobile phone manufacturers. Our CMOS sensors bring high-quality picture and video capabilities to mobile phones, digital still cameras, personal media video recorders, security and surveillance cameras, PC cameras, automotive applications, and more.

In the spring of 2008, we launched a new brand for our imager design and marketing division-Aptina Imaging. Aptina was made a wholly-owned subsidiary that fall and continues to drive innovation in the market with its growing portfolio of CMOS technologies and image sensor solutions. Working as a wholly-owned subsidiary enables an increased focus for Aptina's marketing and R&D efforts, while retaining Micron's manufacturing strength. The relationship provides experienced, top-quality manufacturing for Aptina.

To learn more about Micron's broad portfolio of cutting-edge products visit the our web site at:
www.micron.com/products/

What are Micron’s target markets?

Micron's broad semiconductor product portfolio targets applications in multiple markets including computing, mobile, server, networking and communications, consumer electronics, commercial and industrial, and automotive.

What are your earnings projections for the next fiscal quarter and for the year?

Because of the volatility in the semiconductor industry, Micron Technology, Inc. does not make earnings projections.

As of October 6, 2008, independent industry analysts who follow the company projected earnings per share (EPS) ranging from -$.54 to -$.06 for the first quarter of fiscal 2009, with average projected EPS of -$.36. The same independent industry analysts projected EPS ranges of -$2.04 to $.30 for fiscal year 2009, with average projected EPS of -$.96 for the year.

Please note that any opinions, estimates, or forecasts regarding the company's performance made by these independent analysts are theirs alone and do not represent opinions, forecasts, or predictions of Micron or its management. Micron does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions, or recommendations.

What were your earnings last fiscal quarter?

On October 1, 2008, Micron Technology, Inc. announced results of operations for its fourth quarter of 2008. The company posted a net loss of $344 million, or $0.45 per diluted share, on net sales of $1.45 billion. These results include a non-cash charge to cost of goods sold of $205 million to write down the value of work in process and finished goods inventories of memory products to their estimated market values and the effect of a recovery of $70 million for price adjustments for NAND products purchased from other suppliers in prior periods. The company generated $243 million in cash flows from operating activities in the fourth quarter.

What were your earnings for the last fiscal year?

On October 1, 2008, Micron Technology, Inc., reported a net loss for fiscal year 2008 of $1.6 billion, or $2.10 per diluted share, on $5.8 billion in net sales. . The annual results also include the effect of a non-cash charge of $463 million during the second quarter of fiscal 2008, in accordance with FASB Statement No. 142, "Goodwill and Other Intangible Assets," to write off the carrying value of goodwill previously recognized in the company's memory segment.

When will you report your next fiscal quarter earnings?

Micron is currently targeting a day between December 15, 2008 and January 8, 2009 after the close of the stock market, to release its third quarter results.

How much cash does Micron currently have?

At the end of the second quarter of fiscal 2008, Micron had cash and short-term investments of $1.4 billion.

What are current and future capital spending levels?

Capital spending for fiscal 2008 was approximately $2.9 billion. The company estimates capital expenditures aggregating between $1.0 billion and $1.3 billion for the 2009 fiscal year.

The Company believes that to develop new product and process technologies, support future growth, achieve operating efficiencies and maintain product quality, it must continue to invest in manufacturing technologies, facilities and capital equipment, research and development, and product and process technologies.

What was depreciation and amortization last year? What do you project for the current year?

Depreciation and amortization was approximately $2.1 billion in fiscal 2008. We estimate depreciation and amortization will be approximately $2.2 billion in fiscal 2009.

In what way does Micron differentiate itself from other semiconductor manufacturers?

Micron leverages research and development efforts and manufacturing scale across a diversified semiconductor product portfolio including core DRAM, specialty DRAM, and NAND Flash. We also focus on efficient and innovative semiconductor manufacturing and product differentiation. Micron's manufacturing philosophy of optimizing production facilities by minimizing production steps and die sizes helps us remain a cost-effective manufacturer with a broad product portfolio.

Micron is focused on businesses that are semiconductor centric and either enable semiconductor technology or promote the consumption of semiconductor products.

How many manufacturing facilities do you have and where are they located?

We currently own or operate the following facilities:

• Headquarters and manufacturing operations, including fabrication, assembly, test and module assembly, in Boise, Idaho
• Wafer fabrication facility in Avezzano, Italy
• Wafer fabrication facility in Nishiwaki-City, Japan
• Wafer fabrication facility in Manassas, Virginia
• Majority ownership in the TECH joint venture wafer fabrication facility in Singapore
• Majority ownership in the IMFT joint venture wafer fabrication facility in Lehi, UT
• Majority ownership in the IM Flash Singapore joint venture facility in Singapore.
• Partial ownership in the MeiYa joint venture facility in Taiwan (Micron is a 50% holder in this JV)
• Assembly and test and module assembly operations in Singapore
• Module assembly facility in Puerto Rico

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