The remaining profit, more than
Local Micron workers will share in the profits. Employees in
"Things look a lot better, at least on paper," said
"It's a little bit of skill and a little bit of luck. They're in a really good position now."
Asked whether the profits would likely soften the nearly 5 percent workforce cut Micron plans worldwide by the end of 2014, Howard replied, "I'm going to sound like a mean person, but I hope not. Just because you're making a lot of money doesn't mean you should have extra people hanging around."
The company will not say how many jobs will be pared in
The company employs about 30,000 people worldwide, including 5,600 at its
None of the cuts will target the approximately 5,000 Elpida employees that Micron took on, the company said earlier.
"Companies like to say things like 'We're going to lay off 5 percent of our workforce' because
Micron stock closed at
But the stock price lost some ground in light after-hours training, hovering around
Most of the massive profit Micron reported Thursday comes from "accounting gains" made because the Elpida purchase price of
The fourth-quarter profit compared with a loss of
The quarter was the final one in Micron's 2013 fiscal year.
The company's full-year profit came in at
Francisco offered some additional good news for
Micron recently completed an 111,000-square-foot R&D complex in
MOBILE DRAM GAINS
"Micron is executing well on multiple fronts with the successful integration of Elpida and ongoing steady development of advanced memory solutions, including our hybrid memory cube that began sampling with key customers this quarter," CEO
In a conference call with analysts, Durcan said, "Conditions remain favorable in memory industry fundamentals."
He cited strong cash flow and a "favorable supply-and-demand balance." Higher average selling prices helped.
Howard said Micron will likely continue to see profits of several hundred thousand dollars in the new fiscal year, largely because its Elpida purchase includes a dynamic random-access memory plant that makes sought-after chips for smart phones, tablets and other mobile devices.
"This adds a mobile DRAM component which gives them a full memory portfolio -- as broad as anybody else's, or broader," he said.
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