Micron at citi
I think as everybody knows the biggest challenge this year has been the PC segment of the market that has fundamentally been a little bit softer than any of us expected. And as a result of that you saw some steeper pricing declines in that cost of great business to become nearly a good business
We are certainly seeing signs that things maybe stabilizing there we’ve seen reductions in inventory throughout the network and the channel we are seeing stabilizations in the spot pricing market and that’s beginning to have some impacts on other discussions that we’re having.
don’t know that I can put a specific timeframe on it certainly we continue to be encouraged with each passing day so whether it’s two weeks or four weeks
…but whether or not the worst is behind us I think still remains to be seen
(On Mobile) We, like everyone else are seeing everything that’s being written and talking to our customers and believe that we may be in for a bit of moderation in that growth rate, but we do believe it will continue to be a good market for us
my sort of imprint of the memory business occurred probably back in 2003-2004 and it is a bit of a different business today, that being said still has some of the same fundamental challenges and dynamics. And so I think the biggest the most interesting thing for me is to sort of look at a relatively brief time period and figure out and understand that you truly can’t change the dynamic of a market and it’s really cool to think that Micron was a big part
(On new memory technology) I have been asked a lot of questions today about what do I think about 2017 or ’18 or ’19 and the reality is when you’re doing something that’s brand new and you have had the first point in the technology curve you don’t know a lot of the answers to this right, so we’re pretty happy and clearly understands sort of the uses for the products here in the short-term. We have to get more experience with the technology, figure out what can be done from a cost perspective, which in turn drives market penetration or market applicability. So this will be a story to unfold. But I can foresee in two or three years that representing a reasonably significant amount of our bit output if things go the way we might expect.
I think it’s too soon to tell but again we believe this has a chance to be an important part of our business here as we look out. But precisely how much and what really, and the interaction between that and the Company’s other product lines, it’s a little too soon to tell, I mean we are just now birthing the baby if you will and we have to give it a chance to be in the world and see how that shakes up.
At the end of the day I think to think that we should all pay attention to is irrespective of ownership or whatever scenario combination occurs, what’s happening to output capacity? And so you could have every single DRAM manufacturer be acquired by someone else and as long as the decision was made to restrain output capacity increases fundamentally nothing would change about those markets. If you have sovereign capital coming in and there is a decision made to fundamentally irrespective of the economic return expand the capacity of the industry, we have all seen that play before and it doesn’t have a great ending