Micron Technology Reports Loss

Boise, Idaho-based Micron Technology announced its second quarter results Thursday, saying it had a loss of $751M on net sales of $1.0 billion. According to the firm, the company continued to see an imbalance of supply and demand in semiconductor memory products, plus a "significant decrease" in average selling prices. The firm said that volumes for its DRAM products remained relatively stable, but that sales of its CMOS image sensors decreased by 54 percent due to weakness in the consumer markets.