Micron Technology, Inc.
NYSE:MU ISIN:US5951121038
Micron Technology's principal activities are designing, developing, manufacturing and marketing of semiconductor memory products and personal computer systems. The Company owned approximately 5,965 United States and 452 foreign patents. Dynamic Random Access Memory ("DRAM") is the Company's primary semiconductor memory product. DRAMs are high density, low-cost-per-bit, random access memory components that store digital information and provide high-speed storage and retrieval of data. The Web-hosting Operations segment provided web-hosting and other Internet products and services. Other segments primarily reflect activity of the Company's former flat-panel display and radio frequency identification devices operations. Semiconductor operations accounted for 99% of fiscal 2001 revenues; Web-hosting operations, 1% and other, nominal.
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The Australian shares closed with little change on Friday. The market rebounded from early losses as a surprise guidance upgrade by Commonwealth Bank pushed the financial sector higher in late trade. The benchmark S&P/ASX200 index gained 1.6 points to 4899.6, while the broader All Ordinaries index added 0.1 point to 4929.5.
Asian stocks markets were mostly higher on Wednesday. The Japanese market was buoyed by the positive machinery orders data, and the U.S. dollar dropped sharply against the yen after the data. World Bank President Robert Zoellick said on a conference in Singapore today that the US dollar's role as a reserve currency is intact, but the Chinese yuan could provide an alternative in the next 10-15 years.
Asian shares broadly fell Tuesday following the declines on Wall Street. But Investors' hopes over the stimulus measures from China and Japan have offset some bleak sentiment led by the US market. Japan's Nikkei 225 Average ended with a modest fall of 0.7% while South Korea's Kospi Composite gained 0.7% and Taiwan's Taiex added 0.2%. Shanghai Composite fell 1.1% and Hong Kong's Hang Seng Index ended 2.3% lower.
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