10-Q/APeriod: Q1 FY1997

MICRON TECHNOLOGY INC Quarterly Report (Amendment) for Q1 Ended Nov 28, 1996

Filed December 23, 1996For Securities:MU

Summary

Micron Technology Inc. filed an amendment to its 10-Q quarterly report for the period ending November 27, 1996. This filing is an amendment, which suggests there may have been previous inaccuracies or omissions that are being corrected. Investors should pay close attention to the nature of these amendments to understand any potential impact on the company's financial reporting and performance. Given the historical context of the semiconductor industry in the mid-1990s, any adjustments to inventory valuation, revenue recognition, or operational expenses would be particularly important. Investors should seek to understand the specific details within the amended filing to assess the company's financial health and future prospects, especially concerning its competitive position and market trends in memory chip production.

Key Highlights

  • 1This filing is an amendment (10-Q/A) to a previous quarterly report.
  • 2The reporting period concluded on November 27, 1996.
  • 3The filing was made on December 22, 1996.
  • 4The content of the amendment pertains to Micron Technology Inc. (MU).
  • 5The filing likely addresses specific corrections or updates to previously reported financial information.
  • 6Investors should carefully review the amendment details for any significant changes to Micron's financial position or performance.

Frequently Asked Questions

An amended filing (10-Q/A) indicates that the company is correcting or updating information previously submitted in its original 10-Q report. Investors should carefully review the amendment to understand what specific items were changed and the potential impact on the company's reported financial results and overall financial health.

Investors should focus on any changes related to revenue, cost of goods sold, operating expenses, net income, and cash flows. Particular attention should be paid to any adjustments in inventory valuation, accounts receivable, or long-term assets, as these can significantly impact profitability and financial stability.

In 1996, the semiconductor industry, particularly memory chips (DRAM), was subject to significant cyclicality, price fluctuations, and rapid technological advancements. Investors should consider how these market dynamics might have influenced Micron's reported results and any factors mentioned in the amendment that relate to production capacity, technological innovation, or competitive pressures.

The provided text is a directory listing and does not contain the full content of the 10-Q/A filing. To access the detailed financial statements and disclosures, you would typically need to consult the official SEC EDGAR database or financial data providers that aggregate these filings. The directory lists mention files like '-96-001217.txt' which would likely contain the report's content.