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Micron drops most in six years as chip slump continues

2015-06-27 01:24:54| Electronics - Topix.net

Shares of Micron Technology fell the most in five years as the biggest U.S. maker of memory chips issued a sales forecast that missed analysts' estimates on weaker demand for personal-computer components. Revenue for the fiscal fourth-quarter will be $3.45 billion to $3.7 billion, the Boise, Idaho-based company said after the close of regular trading Thursday in a presentation on its website.

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