9/30/2009 - Micron Technology Inc.'s (NYSE:MU) shares fell more than 1% Wednesday, a day after reporting earnings, due to lingering concerns about pricing pressures in the memory-chip market as well as profit-taking. The company posted a lower quarterly loss with the help of higher sales and average selling prices of its DRAM memory products. An analyst with Wedbush said, "We are not surprised shares are taking a breather today, as investors take profits given the 400%+ move in Micron off its 52-week low and ahead of seasonal peak for the memory market." Analyst Van Hees also wrote, "Micron reported ... yesterday a smaller than expected fiscal fourth-quarter loss largely due to strong end-market demand and robust DRAM pricing." The company's CEO Steve Appleton said in a statement that the market was "still challenging," but is "beginning to improve."

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