10-Q/APeriod: Q2 FY2013

MICRON TECHNOLOGY INC Quarterly Report (Amendment) for Q2 Ended Feb 28, 2013

Filed August 7, 2013For Securities:MU

Summary

This filing is an amendment to Micron Technology's 10-Q for the period ending February 27, 2013, filed on August 7, 2013. The primary focus of this amendment appears to be the incorporation of various exhibits and related agreements that are crucial for understanding the company's strategic partnerships and financing activities. Key among these are agreements related to joint ventures and technology transfers with Nanya Technology Corporation and Inotera Memories, Inc., indicating significant collaborations in memory technology development and manufacturing. Investors should note the inclusion of a Purchase Agreement for a significant financing event and Indentures for notes maturing in 2033. These financial instruments, coupled with the strategic agreements, suggest Micron is actively managing its capital structure and investing in its future technological capabilities. The amendment provides detailed contractual information that underpins the company's operational and financial strategies, offering transparency into its growth and partnership ecosystem.

Key Highlights

  • 1Amendment to the 10-Q filing for the period ending February 27, 2013, filed on August 7, 2013.
  • 2Inclusion of a Purchase Agreement dated February 6, 2013, with initial purchasers including Morgan Stanley, J.P. Morgan, and Goldman Sachs, likely related to a financing event.
  • 3Several Indentures and Notes related to debt financing, with maturity dates in 2033, indicating long-term capital raising activities.
  • 4Extensive set of agreements with Nanya Technology Corporation and Inotera Memories, Inc. focused on joint ventures, supply, technology transfer (including for 20nm process nodes), and intellectual property.
  • 5Agreements indicate significant strategic collaboration and investment in memory technology development and manufacturing with key industry partners.
  • 6Inclusion of standard CEO and CFO certifications, confirming the accuracy of information.
  • 7XBRL documents are included for machine-readable financial data.

Frequently Asked Questions

This filing is an amendment to Micron's previous 10-Q report for the period ending February 27, 2013. It primarily serves to incorporate by reference or file newly executed exhibits, such as financing agreements and strategic partnership contracts, providing investors with more complete information.

The exhibits detail significant collaborations with Nanya Technology Corporation and Inotera Memories, Inc. These include joint venture agreements, supply agreements, technology transfer agreements (specifically for 20nm process nodes), and intellectual property (IP) agreements, indicating deep operational and technological integration.

The mention of Indentures for notes maturing in 2033 and a Purchase Agreement with major financial institutions suggests that Micron Technology was actively engaged in long-term debt financing. This indicates the company was securing capital for future investments and operations, potentially to fund its strategic initiatives and technology development.

This filing is primarily an amendment to include exhibits and does not typically present updated financial statements. Investors should refer to the original 10-Q filing for the period ending February 27, 2013, for detailed financial results. This amendment provides context and supporting documentation for the company's business activities during that period.