Reginal Thomas
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Micron Technology Beat Expectations


Micron Technology, a memory chipmaker, posted its third quarter fiscal results and it beat Wall Street expectations, and said the raised demand for personal computers is due to its DRAM chips. The company's forecasts also expects to beat out analyst's expectations. Micron President Mark Adams said, "Pent-up demand for corporate refresh on desktops and notebooks seem to be leading to better than expected sector performances." he also said, "PC DRAM pricing is improving." The company reported a net profit of $806 million, or 68 cents a share, compared to a net profit of $43 million or 4 cents a share last  year.