Micron's Q1'16 Earnings Review: Things Could Turn Around In The Second Half Of The Year

Micron Technology’s woes continued in fiscal Q1 2016 (fiscal years end with August), and it looks like the company will not get any respite in the current quarter. This was clear in the company’s recent earnings release. Weak macroeconomic conditions and the persisting weakness in PC demand, coupled with Micron’s lagging DRAM and NAND output has impacted the company’s growth rate in the last few months. Regarding this latter factor, Micron’s production growth (or “bit” growth) has ...