Memory chipmaker posts disappointing third quarter
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.