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Micron Blog

Appleton Talks Shop, Market Consolidation with Bloomberg

Last week at Micron's financial analyst meeting in Salt Lake City, CEO Steve Appleton was interviewed by Bloomberg reporter, Ian King, on the state of the memory industry given the ongoing challenging market conditions. The resulting article that published today focused on the theme of industry consolidation, quoting Appleton and analysts saying they believe consolidation is a definite possibility. "A lot of the smaller players are struggling even to survive," said Tristan Gerra, an analyst at Robert W. Baird & Co. in Milwaukee, in the article. "2008 is going to be the beginning of industry consolidation" and Micron shares will outperform the market.

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