At today’s Annual Shareholders Meeting at Micron’s headquarters in Boise, company executives discussed the challenging environment the company endured in 2009 and how it is poised to take advantage of improving market conditions heading into 2010.
Micron Chairman and CEO Steve Appleton discussed how the company is in a strong financial position relative to competitors in the memory industry. Micron executives covered how the company continues to achieve strong cost per bit reductions from its industry-leading technology, which is driving the company’s operating margins ahead of industry trend lines. The company also highlighted it remains focused on maintaining and widening its technology advantage in the industry as the company continues to transition to higher density 34nm NAND flash and 50nm DRAM products.
Micron now turns its attention to its first quarter 2010 financial results that are scheduled to be announced on Dec. 22.