CNBC's Kaori Enjoji interviews Mark Durcan CEO, Micron Technology. He says increased memory for smartphones and pent up demand for storage gives a positive outlook for 2013.
South Korean chipmaker SK Hynix returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple, but it fell far short of forecasts on weak sales of computer chips and a strong won.
Something interesting is happening: Individual stocks are moving on earnings without dramatically affecting their sectors.
Some stocks that investors had given up for dead are finding new life in the current market rally.
Take a look at some of Monday's midday movers:
Stocks slumped nearly 1 percent on Friday, but closed off the worst levels of the session, after a Republican plan to avert the "fiscal cliff" fell apart, raising fears a deal will not be reached before the end of the year.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Thursday.
SAN FRANCISCO, Oct 12- Micron Technology's chief executive said he expects to complete the acquisition of failed Japanese memory chipmaker Elpida Memory Inc in the first half of next year, despite opposition from a group of bondholders.
SAN FRANCISCO, Oct 12- Micron Technology's chief executive said he expects to complete an acquisition of failed Japanese memory chipmaker Elpida Memory Inc. in the first half of next year, despite opposition from a group of bondholders.
SAN FRANCISCO, Oct 12- Micron Technology Inc:. *CEO says still expects to close elpida deal in first half of 2013. *CEO says does not expect elpida bondholder proposal to succeed.
Oct 11- Micron Technology Inc:. *Nomura cuts Micron Technology Inc price target to $7 from $8; rating. Reuters Station users, click. 1568.
Oct 5- Micron Technology Inc:. *Bernstein cuts Micron Technology price target to $9 from $9.50; rating. Reuters Station users, click. 1568.
TOKYO, Oct 3- Failed chipmaker Elpida Memory Inc. A committee set up by the court to examine plans involving a takeover by U.S. rival Micron Technology Inc and rival one from a group of Elpida bondholders is now expected to make a recommendation by Oct. 29, one month later than earlier estimated, Elpida said in a statement posted on its website on Friday.
NEW YORK, Oct 1- The S&P 500 kicked off a new quarter with a modest rally on Monday, lifted by a surprising expansion in U.S. manufacturing in September. But the Nasdaq Composite Index slipped 2.70 points, or 0.09 percent, to close unofficially at 3,113.53. Micron Tech fell 3.5 percent to $5.77 and JDS Uniphase lost 3.7 percent to $11.92.
Oct 1- Micron Technology Inc:. *Roth cuts Micron Technology price target to $10 from $12; rating buy For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568.
*Softbank says eAccess deal will take it past KDDI by subscribers. TOKYO, Oct 1- Softbank Corp will acquire smaller rival eAccess Ltd in a $1.84 billion deal as Japan's No.3 mobile carrier steps up its battle for market share with its nearest competitor KDDI Corp.
Stocks finished lower in volatile trading Tuesday, dragged by industrials, after a batch of profit warnings overshadowed earlier optimism that Germany's top court will approve the euro zone's new bailout fund.
Take a look at some of Tuesday’s morning movers:
Stocks eased off their worst levels Monday but still closed in negative territory as investors remained jittery ahead of the earnings season and amid renewed global growth concerns.