Micron Technology Inc. today announced net income of $1 million and revenue of $1.1 billion for its fiscal Q1 2004. 

That compares to a $316 million net loss on sales of $685 million for the year-ago quarter and a $123 million net loss on sales of $889 million for its fiscal Q4.

Broken down, the DRAM player sales were 25 percent higher in the quarter ended Dec. 4 than the immediately preceding quarter as a result of a 15 percent increase in megabits sold and a 7 percent increase in average megabit selling prices. 

The company said its megabit production of memory products increased about 10 percent in the quarter as compared to its Q4.  The megabit production gains were principally due to improved manufacturing yields and transitions to 110-nanometer devices, according to Micron. 

"Our advanced 6f2 products, which have a smaller die size using the same process technology as standard 8f2 products, are ramping effectively and our manufacturing migration to 110-nanometer process technology leads the industry," Steve Appleton, Micron's CEO and president, said in a statement. "We are also pleased with the market leadership performance of our next generation products; we are the only company currently shipping all densities of DDR2 DRAM."

By: DocMemory
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