Micron announced a fiscal Q3 2012 loss of $320 million on sales of $2.2 billion, but announced that it's still interested in buying Japanese memory maker Elpida as long as a deal can be done under the "right terms". The result was Micron's fourth sequential loss.
Mark Durcan, the company's CEO, told analysts in a conference call that he believed memory price weakness has reached the bottom of the current business cycle and he expects Micron to enjoy a "following wind" in the second half of 2012.
Durcan also said that the company remains interested in buying Japan's Elpida Memory Inc. as long as a deal can be done under the right terms. Elpida represents 15 to 20 percent of global DRAM industry manufacturing capacity, he said. Durcan said it was important that Micron avoid unnecessary dilution of equity and not incur excessive interest-bearing debt to effect such a deal.