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3 Things Micron Technology Inc. Wants Investors to Know

Shares of memory maker Micron (NASDAQ:MU) have performed poorly year to date, with the stock losing more than half of its value since the beginning of the year. The company has faced a number of issues, including a challenging PC market as well as stiff competition from other memory giants such as Samsung and SK Hynix.

Micron's Investor Relations chief, Ivan Donaldson, recently presented at the Deutsche Bank 2015 Technology Brokers conference, and as a (suffering) Micron investor, I found it particularly interesting. Here are three points that I think should be of interest to any current and potential Micron investors.

Getting an initial view of the PC market in 2016
Although Micron has done a good job diversifying its DRAM business into healthier end markets such as servers and mobile, the reality is that more than 30% of the company's DRAM business is still tied to the PC market. This means, for better or for worse, the company's financial performance will be materially affected by the health of the PC market.

During the conference, Donaldson indicated that Micron "doesn't expect anything spectacular" with respect to the PC market during 2016, but that he does think that things will "be better."

Although Donaldson says that Micron's long-term view of the PC market is still "pretty flat unit growth," he did point out that this year was abnormally bad, with unit sales down by as much as 10% and build activity down...


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