MICRON TECHNOLOGIES (MU)

EARNINGS RELEASE TUESDAY - JUNE 25 (AMC)

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JUMP REPORT

Avg Daily Volume: 25,678,870    Market Cap: 37.62B 
Sector: Technology    Short Interest: 3.37

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:   .83/share    REV:  4,770/M
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     LAST QTR:  EPS:   1.67/share    ACTUAL:  1.71/share  (BEAT)
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     NEXT QTR:  EPS:   .78/share     REV: 4,900/M
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     FULL YR:     EPS:   6.35/share     REV: 23,150/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS HISTORY: 57% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 10.16, -8.32, -4.9

POTENTIAL JUMP MOVE:  10%

Links To Latest News and Headlines

29 Oct, 2020 @ 03:19 by Yahoo! Finance

(Bloomberg) — Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profit beat will ease amid intensifying competition and weakening demand.The world’s largest maker of memory chips and personal electronics said net income rose a better-than-expected 52% to 9.27 trillion won ($8.2 billion) in the three months ended September, beating the 7.54 trillion won average of estimates. Samsung foresees capital spending of about 35.2 trillion won this year because of a migration to more advanced chip processes and a buildout of its contract chipmaking business.The South Korean technology giant’s tepid outlook may fuel concern that the remarkable tech sector rally during the pandemic may have run its course. The company joined fellow chipmakers Micron Technology Inc. and Intel Corp. in warning that demand from server customers will weaken amid an inventory correction. Samsung also forecast rising competition in mobile phones and consumer electronics and said it will have to boost spending on marketing.”Concerns over disruptions in supply chain drove chip demand from cloud operators early this year due to the Covid-19 pandemic but the demand cooled down as inventories kept rising,” said Park Sung-soon, an analyst at Cape Investment & Securities. “We are seeing a correction in the memory chip market in 4Q but memory chip prices are expected to rise next year when hyperscalers start expanding their investment in servers.”Samsung Electronics shares have surged nearly 40% from their March lows. The stock slipped as much as 2.4% on Thursday after the earnings report, the most in more than a month.Click here for a live blog on the numbers.Sales of Samsung smartphones jumped nearly 50% during the September quarter as the rollout of its latest Galaxy Note series and a new foldable device reignited demand for premium handsets that had flagged during the coronavirus pandemic. Phone shipments totaled 88 million units, while tablet PCs reached 9 million during the period, according to the company, which is seeking to regain the lead as the world’s largest smartphone maker after losing the crown earlier this year to Huawei.Shelter-in-place measures continued to boost sales of consumer electronics, particularly of higher-end televisions, according to the company. But uncertainties over the pandemic will linger and costs are expected to increase heading into the year-end peak season, it added.Read more: Turns Out, People Do Buy Gadgets in a Pandemic: Tim Culpan“The mobile communications business is likely to see smartphone sales decline and marketing costs increase due to competitive market environment. In consumer electronics, profitability is expected to weaken on growing competition and rising costs, despite solid demand,” Samsung said in the earnings release. “For 2021, the company expects a recovery in overall global demand but uncertainties will remain over the possibility of recurring epidemic waves of Covid-19.”Overall demand for memory exceeded expectations in the third quarter, boosted by rush orders from Huawei Technologies Co. ahead of U.S. sanctions that kicked in last month as well as other mobile customers. While mobile may continue to remain strong in the fourth quarter and into the first half, server orders are likely to be weak with the prolonged pandemic prompting clients to slow orders, Samsung said.Server memory prices are already correcting. Contract prices for 32-gigabyte DRAM server modules fell 9% in the September quarter, according to InSpectrum Tech Inc. Prices for 128-gigabit MLC NAND flash memory chips decreased about 8% in the third quarter. Micron cut capital spending plans last month, warning about weaker demand from some corporate customers and forecast possible oversupply of flash memory chips next year.With its main mobile and chip units set to slow, Samsung is looking to newer businesses to bolster growth. The contract chipmaking division posted record quarterly revenue and the company expects to exceed the industry’s high-single-digit growth “significantly” in 2021. It also plans to expand its fledgling networks business in North America and Japan, after winning a 7.9 trillion won contract to supply 5G wireless solutions to Verizon Communications Inc. during the third quarter.The company further delayed the announcement of a new shareholder return policy, telling analysts Thursday it now plans to release details in late January.The death of Samsung Group Chairman Lee Kun-hee over the weekend may add to uncertainty. While his son Jay Y. Lee is expected to take over as chairman of the group, the younger Lee still faces two trials over allegations he used bribery and accounting trickery to smooth his path to succession. The family will also have to pay billions of dollars in inheritance tax, and Samsung has so far declined to comment on how they will fund the payments.Read more: Lee’s Risk of Jail Time Complicates Samsung Succession Plans(Updates with analyst comment in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

(Bloomberg) — Taiwan’s United Microelectronics Corp. pledged “substantial assistance” to the U.S. in a high-profile trade-secrets prosecution of Chinese chipmaker Fujian Jinhua Integrated Circuit Co.UMC pleaded guilty Wednesday in San Francisco federal court in a deal with U.S. prosecutors, who agreed to drop serious charges of economic espionage and conspiracy for the alleged theft of proprietary information from Idaho-based Micron Technology Inc. UMC instead admitted to trade-secret theft and agreed to pay a $60 million fine.The guilty plea resolves one piece of a complicated, international prosecution of an allegedly illegal transfer of Micron’s memory design in a chip manufacturing deal between Taiwan-based UMC and Jinjiang-based Fujian Jinhua. But it also leaves key questions unanswered.The case was the first filed under the Trump administration’s “China Initiative,” a Justice Department program aimed at prioritizing trade-theft cases and litigating them as quickly as possible. With UMC removed as a defendant, China becomes the target as tension with the West is aggravated by issues including Beijing’s hacking and control of key technologies, its handling of the Covid-19 outbreak, tightening grip over Hong Kong and treatment of Muslim Uighurs.Read More: U.S. Deploys New Tactics in Prosecution of Chinese ChipmakerMicron said in a statement it will continue to seek “full restitution” from UMC in a separate, ongoing civil lawsuit. Calls to Jinhua’s general phone line went unanswered. “UMC takes full responsibility for the actions of its employees, and we are pleased to have reached an appropriate resolution regarding this matter,” the Taiwanese company said in a statement.“UMC’s guilty plea points this case towards trial against Fujian Jinhua in 2021,” said U.S. Attorney David L. Anderson. “Criminal trade secrets cases protect freedom and innovation. These cases have global significance when a foreign defendant is charged with stealing intellectual property protected by U.S. law.”Fujian Jinhua has complained that the prosecution has helped to hobble China’s aspirations of mass producing memory chips. The company has argued its very existence is at stake ever since the U.S. Commerce Department blacklisted it in 2018, blocking its ability to buy U.S. chip-making gear and cratering its production plans.Prosecutors haven’t publicly detailed the cooperation they are seeking from UMC against Fujian Jinhua, and UMC itself declined to comment on it. UMC’s plea means the Taiwan-based company is now helping in the criminal prosecution of a former Chinese business partner, potentially exacerbating tensions.Charges are still pending against three individual defendants, the former president of Fujian Jinhua and two UMC engineers. One of them, J.T. Ho, still works at UMC, according to the company. The U.S. maintains arrest warrants for all three.Neal Stephens, a lawyer for Micron, told U.S. District Judge Maxine M. Chesney that with the resolution of the criminal case against UMC, Micron will push forward with its civil trade-secrets case against the company, which had been put on hold. UMC has opposed reopening the case, Stephens said.Still unknown is how much more money UMC will ultimately pay. In addition to the U.S. fine, Micron will seek to make UMC pay restitution for the loss and damages caused by the theft. The companies agreed the sum will be argued in the civil suit because there’s a “great gulf and disparity” between what the two sides believe the value to be, said Leslie Caldwell, a lawyer for UMC.The criminal case is U.S. v. United Microelectronics Corp., 18-cr-00465; the civil suit is Micron v. United Microelectronics and Fujian Jinhua, 17-cv-06932, U.S. District Court for the Northern District of California (San Francisco).(Updates with Micron’s statement from the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

27 Oct, 2020 @ 12:00 by Yahoo! Finance

The arrival of 5G (fifth-generation) wireless networks is going to be a huge catalyst for Micron Technology’s (NASDAQ: MU) mobile business, as the memory capacities of smartphones running on the next-generation network are expected to increase substantially. Entry-level smartphones are already rocking 48-megapixel cameras nowadays — which demand more storage — while DRAM usage has shot up thanks to resource-intensive applications like games. Micron Technology has set its sights on this opportunity.

Solution offers flexible global cellular-enabled connectivity, underpinned by trusted edge-to-cloud onboardingBOISE, Idaho, and MUMBAI, India, Oct. 27, 2020 (GLOBE NEWSWIRE) — Micron Technology, Inc., (Nasdaq: MU) and Tata Communications (NSE: TATACOMM) today announced they are joining forces to create a worldwide cellular-enabled connectivity solution that will simplify and accelerate large-scale global deployment of internet of things (IoT) devices. This solution will be powered by a new virtual SIM, the world’s first cloud-based embedded subscriber identity module (eSIM), which offers a flexible, scalable alternative to conventional physical SIM cards. The cloud-based eSIM will be enabled by Micron’s Authenta™ Key Management Service (KMS), the industry’s first silicon-based security-as-a-service platform for edge devices. With this technology, the Tata Communications MOVE™ Global IoT Solution will offer a pervasive, end-to-end solution for zero-touch onboarding of connected IoT devices to cloud services across 200 countries and territories — backed by the company’s relationships with more than 600 mobile network operators worldwide. The solution will unleash innovation in the expanding IoT services ecosystem, which is predicted to nearly triple in revenue by 2026 to $466 billion (ABI Research, IoT Market Tracker — Worldwide, 2Q 2020).The companies are demonstrating this solution, launching in 2021, at the online Micron and Tata Communications IoT Security Conference, kicking off today.“The business landscape we’re experiencing today is uncharted territory, one that is forcing organizations to be agile and adopt zero-touch, digital-first technologies and applications,” said Tata Communications Chief Strategy Officer Tri Pham. “IoT solutions can help businesses become more efficient and productive, and can also bring in new opportunities and innovations, enabling them to scale new levels of growth.”Pham added, “Yet cybersecurity, seamless integration, and reliable, robust connectivity and global reach continue to remain key barriers to global enterprise adoption. By joining forces with Micron to reimagine edge connectivity and security, we will create a new paradigm that will rapidly accelerate and simplify IoT deployment.”While industry projections had forecasted 50 billion IoT device deployments by 2020, the reality has fallen short with only around 9 billion IoT devices deployed. This disparity stems from vastly underestimated challenges with cellular-enabled connectivity and cybersecurity, which hamper IoT growth. Though cellular connectivity offers significant advantages over Wi-Fi — such as longer range, better outdoor performance, stronger security and existing global infrastructure — ABI Research predicts only 420 million cellular-connected IoT devices in 2021, just a fraction of total IoT deployments (ABI Research, M2M Embedded Cellular Models, 3Q 2020). This gap is due to the intricate logistics required for worldwide cellular-enabled services, such as management of physical SIM cards and fixed contracts per operator per country.Tackling these challenges head-on, Tata Communications will offer a cloud-based eSIM for IoT, underpinned by Micron’s flash-based identity platform Authenta KMS. The solution will enable: * Highly scalable IoT security: In lieu of a physical SIM card to verify mobile identity, Authenta KMS provides device identities for the virtual SIM in the cloud, enabling secure, zero-touch device registration and onboarding to IoT services. * Seamless global connectivity: The new SIM feeds IoT devices with secure borderless cellular-enabled connectivity anytime and anywhere, eliminating the complex management of physical SIM cards, localized operator contracts and roaming fees. This is especially beneficial for the industrial, infrastructure, automotive, aviation, and transport and logistics sectors that demand far-reaching, global connectivity for portable devices even in remote locations, unfettered by borders and close-range Wi-Fi networks. The solution will also allow enterprises to incorporate 5G into their IoT deployment strategies, taking advantage of 5G’s lower latency, higher capacity and faster data speeds. * On-demand cellular-enabled subscription: The unique approach to SIM technology enables just-in-time delivery of SIMs so that users don’t have to subscribe to a monthly service until the connection is actually needed in the field. This just-in-time delivery reduces customers’ capital and operational expenditures, as compared to physical SIM cards that require activation of service contracts well before shipping. * Pay-as-you-go flexibility: Tata Communications MOVE™ platform enables pay-as-you-go service, instead of fixed monthly contracts. This is especially beneficial for customers who don’t need always-on cellular-enabled connectivity, such as those combining Wi-Fi and mobile networks.Micron and Tata Communications open up innovation for the IoT services ecosystemIn dramatically simplifying flexible global connectivity, the edge-to-cloud solution will also unlock rich possibilities for innovation in the IoT market.“The IoT ecosystem is at a tipping point. While there is untapped business opportunity, current hardware security methods are too complex and costly, or they limit scalability and flexibility,” said Kris Baxter, vice president and general manager of Micron’s Embedded Business Unit. “With Tata Communications’ cloud-based virtual SIM, Micron’s Authenta edge security will bridge this gap, fostering enterprise IoT adoption and open innovation in IoT services.”With physical SIM cards, OEMs must tightly pair device identity to the IoT service during manufacturing to prevent interaction of insecure devices and services, but this results in vendor lock-in. Authenta’s simple authentication decouples IoT service security needs from manufacturing flow by allowing late binding of third-party certificates. This flexibility frees end users to securely access diverse, vendor-agnostic services, allowing them to customize and harness IoT devices as platforms for innovation, akin to the robust customization of smartphones with mobile app stores today. Opening up the ecosystem, Micron and Tata Communications will empower the IoT services market to reach its full promise with a broader device footprint.Micron’s Authenta security-as-a-service solution powers flash-based IoT identities As the threat landscape grows riskier with sophisticated bad actors and hacks on IoT devices from connected fish tanks to baby monitors, cybersecurity is a weak link in IoT adoption. Through its silicon root of trust, Authenta provides a unique level of protection for the lowest layers of IoT software. Starting with the boot process, Authenta uses strong cryptographic identity and security features baked natively into flash memory. To enable device compatibility with this new SIM, OEMs need only to install Authenta flash; no secure key injection or added secure elements are required.Leveraging this root of trust, Micron’s cloud-based service Authenta KMS authenticates these IoT devices, allowing them to be activated and managed at the edge. This enables platform-hardening and device protection through the entire lifecycle, from manufacturing to installation. The ease of this security-as-a-service solution is particularly beneficial for traditional manufacturers making forays into connected devices for IoT use cases. With Authenta’s plug-and-play security, these OEMs, who lack cybersecurity experience, can focus on their core competencies and rely on Micron’s decades of embedded expertise to provide hardware security.Availability This cloud-based eSIM for IoT devices is slated to begin shipping in the first half of 2021. Those interested in learning more about the eSIM can reach out to MOVE@tatacommunications.com. For additional inquiries on Micron’s Authenta technology, contact authenta@micron.com.About Micron Technology, Inc. We are an industry leader in innovative memory and storage solutions. Through our global brands — Micron® and Crucial® — our broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint™ memory and NOR, is transforming how the world uses information to enrich life for all. Backed by more than 40 years of technology leadership, our memory and storage solutions enable disruptive trends, including artificial intelligence, 5G, machine learning and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking. Our common stock is traded on the Nasdaq under the MU symbol. To learn more about Micron Technology, Inc., visit micron.com.© 2020 Micron Technology, Inc. All rights reserved. Micron, the Micron logo, and Intelligence Accelerated are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.About Tata Communications Tata Communications is a digital ecosystem enabler that powers today’s fast-growing digital economy. The company enables the digital transformation of enterprises globally, including 300 of the Fortune 500 – unlocking opportunities for businesses by enabling borderless growth, boosting product innovation and customer experience, improving productivity and efficiency, building agility and managing risk. With its solutions orientated approach and proven managed service capabilities and cutting-edge infrastructure, Tata Communications drives the next level of intelligence powered by cloud, mobility, Internet of Things (IoT), collaboration, security, and network services. Tata Communications carries around 30% of the world’s internet routes and connects businesses to 60% of the world’s cloud giants and 4 out of 5 mobile subscribers. The company’s capabilities are underpinned by its global network, the world’s largest wholly owned subsea fibre backbone and a Tier-1 IP network with connectivity to more than 200 countries and territories. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.© 2020 Tata Communications. All rights reserved. TATA COMMUNICATIONS and TATA are trademarks of Tata Sons Private Limited in certain countries. All other trademarks are the property of their respective owners. Tata Communications MOVE is a trademark of Tata Communications in certain countries. All other trademarks are the property of their respective owners. CONTACT: Micron Media Relations Contact Steffi Lau Micron Technology, Inc. +1 (408) 834-1618 steffilau@micron.com Tata Communications Media Relations Contact Aastha Singh Tata Communications Limited +91 99670 89660 aastha.singh2@tatacommunications.com

26 Oct, 2020 @ 21:45 by Yahoo! Finance

Micron (MU) closed at $52.14 in the latest trading session, marking a -1.34% move from the prior day.

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