10-K/APeriod: FY1996

MICRON TECHNOLOGY INC Annual Report (Amendment), Year Ended Aug 29, 1996

Filed April 15, 1997For Securities:MU

Summary

Micron Technology Inc.'s 1997 10-K filing, filed on April 15, 1997, covers the fiscal year ending August 28, 1996. As a leading manufacturer of semiconductor memory, the company's performance is closely tied to the cyclical nature of the memory market. Investors should note the company's efforts to manage production capacity and product mix in response to fluctuating demand and pricing. This filing provides insight into Micron's strategic direction, capital expenditures, and operational performance during a key period in the semiconductor industry. Investors would be interested in understanding the company's competitive positioning, technological advancements, and financial health as it navigates the dynamic and often volatile semiconductor landscape. The information here is crucial for assessing the company's ability to generate sustained profitability and shareholder value.

Key Highlights

  • 1The report covers Micron Technology's fiscal year ending August 28, 1996.
  • 2Micron is a significant player in the semiconductor memory market, manufacturing DRAM, SRAM, and other memory products.
  • 3The company's financial performance is subject to the cyclical nature and price volatility inherent in the semiconductor industry.
  • 4Management likely discusses strategies for managing production capacity and product mix to optimize profitability amidst market fluctuations.
  • 5Key financial metrics such as revenue, gross margin, and net income for the fiscal year would be detailed, reflecting market conditions.
  • 6Information on capital expenditures for research, development, and manufacturing expansion would be present, indicating future growth strategies.

Frequently Asked Questions

As of the fiscal year ending August 28, 1996, Micron Technology Inc. was a leading manufacturer of semiconductor memory products, including DRAM (Dynamic Random-Access Memory), SRAM (Static Random-Access Memory), and potentially other related memory technologies.

The semiconductor industry, particularly the memory segment, is known for its cyclicality. This means that periods of high demand and pricing can be followed by periods of oversupply and declining prices. Micron's business is directly affected by these cycles, impacting its revenue, profitability, and inventory levels.

Investors would typically look for information regarding Micron's strategies for managing its manufacturing capacity, optimizing its product mix (e.g., shifting between DRAM and other memory types based on market conditions), investments in research and development for next-generation technologies, and efforts to maintain or improve its competitive position in the global semiconductor market.

Key financial indicators for investors to examine include revenue growth, gross profit margins (which are highly sensitive to memory prices), operating expenses, net income, cash flow from operations, and capital expenditures. Trends in these metrics over the reporting period and in comparison to prior periods provide critical insights into the company's financial health and operational efficiency.