Thursday, December 21, 2006

Micron In Search of New Aquisitions

MarketWatch: "We need more design people to cover the scope of the market," Micron's CEO Steven Appleton said of the rationale for the Avago deal. "We're not satisfied with just being in the mobile space."

"We just acquired Avago's business and we continue to look around," he added. "We think we're a leader in that space and we plan to keep it [that way]."

Appleton estimates Micron's image-sensor business will make up 20% to 25% of the company's total sales in 2007, up from 14% this year.

He has two segments of the market on his radar screen: automobiles and security cameras that monitor places like convenience stores.

Already, Lexus's new LS 460 sedan is equipped with sensors that can parallel-park your car with the push of a button. Appleton predicts that there will be up to 10 image sensors in a single car within two to three years.

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