Wednesday, December 23, 2009

Micron Reports 13% Drop in CIS Foundry Revenues

Seeking Alpha published Micron's quarterly conference call for the quarter ended on Dec. 3, 2009 (first quarter in Micron's 2010 fiscal year).

Ron Foster, Micron CFO, said few words about the image sensor foundry business:

"Sales in memory products increased 38%, while sales of image sensors decreased 13%. Imaging revenue was $108 million in the first quarter and represented 6% of the Micron consolidated net sales. Recall of the first quarter results reflect our manufacturing services, including wafer fabrication to Aptina, following a spin off of that business in the fourth quarter. As I mentioned previously, we continue to account for our ownership interest in Aptina under the equity method of accounting."

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