Memory chipmaker posts disappointing third quarter

The memory chipmaker Micron Technology recently reported revenue of nearly $2.2 billion in its fiscal third quarter, leading to concerns for a weak demand for laptop and desktop computers.

Industry experts expected revenue for Micron to reach nearly $2.4 billion for the quarter, but the company warned of further slippage in DRAM sales moving forward.

"We've all seen a softening of the desktop and notebook PC climate, partially offset by some growth around tablets," Mark Adams, Micron's vice president of worldwide sales, told analysts on a conference call. "At this point, it's hard for us to call too much further out in the future."

According to a Rueters report, investors expect weaker laptop sales to affect several other companies for the June quarter.

While the current outlook for PCs continues to diminish, research firm IDC expects a healthy rebound in 2011. According to IDC, the PC market is projected to improve from this year on, due to new operating systems and more competitive prices.