Micron Technology Inc., the largest U.S. maker of computer memory chips, said prices for the products may have stabilized after an inventory glut sent them plummeting earlier this year.
      "We're probably closer to price-bottoming than not," Kipp Bedard, Micron's vice president for investor relations, said Tuesday at a shareholder conference in New York. Demand is increasing from computermakers that are promoting products with more memory, he said.
      Micron, based in Boise and with joint-venture operations in Lehi, has tried to diversify beyond the computer-memory business, its largest revenue source. Prices for the benchmark computer-memory chip have fallen 72 percent this year, according to Taiwan-based Dramexchange.com, the Asian spot market for semiconductors.
      Shares of Micron fell 3 cents to close at $11.96 Tuesday on the New York Stock Exchange. The shares have fallen 14 percent this year.

By: DocMemory
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