The U.S. computer-memory chips tycoon Micron Technology Inc., has reported its third-quarter loss as $225 .

Some personal-computer makers are ordering more chips to take advantage of a 35 percent slump in memory prices in the quarter, causing them to stabilize, Micron said. The company has only been able to charge an amount close to its production costs, and spending on new equipment to expand into faster- growing markets increased expenses, analysts said.

"It was a tough quarter; pricing was very weak,'' said Doug Freedman, an analyst at American Technology Research in San Francisco. He raised his rating on the shares to ``buy'' today and said he doesn't own them. Pricing ``has already started to improve,'' he said.

Micron shares rose 24 cents to $12.65 in extended trading following the announcement. They fell 25 cents to $12.41 at 4 p.m. in New York Stock Exchange composite trading and have dropped 11 percent this year.

"We believe that the market will improve but it's hard for us to say how much,'' said Chief Executive Officer Steve Appleton in a telephone interview.

By: DocMemory
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