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#417795
Thu 23 Mar 2017 10:50:PM
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Joined: Feb 2001
Posts: 381,903
Launch Director
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OP
Launch Director
Joined: Feb 2001
Posts: 381,903 |
(Reuters) - Micron Technology Inc forecast current-quarter revenue and profit far ahead of analysts' estimates as prices for memory chips climb amid tight supplies and demand surges for storage chips used in smartphones. Shares of the company, which also beat second-quarter profit estimate, were up 9.4 percent in extended trading on Thursday.  Source: Micron's upbeat forecast rides on rising chip prices
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