Click here to load reader
Upload
dokhanh
View
212
Download
0
Embed Size (px)
Citation preview
1/5/2007
A Closer Look atMicron Technology, Inc.
2005 Micron Technology, Inc. All rights reserved. Products are warranted only to meet Microns production data sheet specifications. Information, products and/or spe39cifications are subject to change without notice. All information is provided on an AS IS basis without warranties of any kind. Dates are estimates only. Drawings not to scale. Micron and the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.Rev. A, 05/05
1/5/2007 2
2005 Micron Technology, Inc. All rights reserved.
Micron Overview
Incorporated 1978, Boise, Idaho
~ 11,000 employees in Treasure Valley
~21,000 worldwide
Stock Information
Traded on the NYSESymbol, MU
Only US producer of DRAM
Three Additional Divisions
Crucial Technology Meridian, ID
SpecTek Nampa, ID
Lexar San Jose, CA
1/5/2007 3
2005 Micron Technology, Inc. All rights reserved.
Global Presence
1/5/2007 4
2005 Micron Technology, Inc. All rights reserved.
Micron Today
2006 Micron Technology, Inc. All rights reserved.
New Products Fuel Growth
Wireless Security Camera with Webcams
Reliable Low Power Memory and Quality Imaging
User Authentication,Low Power Memory, Virtual Keyboard
Lane Occupancy, Safety, Back Up Cameras
Wireless, PictBridge, Stabilization, High Density Memory
Medical Cameras
Avatar IM Video Conferencing and Real-time Creation, User Interaction
Disposable Digital Cameras
2006 Micron Technology, Inc. All rights reserved.
Net Cash Position(dollars in millions)
$3,079Cash & short-term investments$571Total debt
$2,508Net cash & short-term investments
Total debt to equity ratio
As of August 31, 2006
7%
1/5/2007 7
2005 Micron Technology, Inc. All rights reserved.
Net Cash Position Relative to Peers(dollars in millions; as of most recent quarter)
Source: Bloomberg; Company Reports
Sam
sung
Mic
ron
SanD
isk
Qim
onda
M-S
yste
ms
Om
ni V
isio
n
Elpi
da
ProM
OS
Win
bond
Pow
erch
ip
Hyn
ix
2006 Micron Technology, Inc. All rights reserved.
2006 Micron Technology, Inc. All rights reserved.
Microns execution fuelsthree consecutive years of profitability
$408M$188M$157M
200620052004
1/5/2007 9
2005 Micron Technology, Inc. All rights reserved.
Diversification Execution
Source Micron Market Research
1/5/2007 10
2005 Micron Technology, Inc. All rights reserved.
UtahIdaho Virginia Puerto Rico Scotland Italy SingaporeJapan Singapore JV
Global Market, Global Customers
Source: Micron Market Research
Americas
34%Americas
34%Asia
52%
EMEA
14%
2006
Americas
37%Americas
37%Asia
43%
EMEA
20%
2005
1/5/2007 11
2005 Micron Technology, Inc. All rights reserved.
Micron in the News
1/5/2007 12
2005 Micron Technology, Inc. All rights reserved.
Micron in the News
1/5/2007 13
2005 Micron Technology, Inc. All rights reserved.
Micron RankedWorlds Most Valuable Patent Portfolio
1/5/2007 14
2005 Micron Technology, Inc. All rights reserved.
Microns Idaho R&D and Capex Expenditures
FY-06
$610M
FY-06
Capex
$469MR&D
FY-07
$913M
FY-07
Capex
$448MR&D
1/5/2007 15
2005 Micron Technology, Inc. All rights reserved.
Micron Employees and Payroll in Idaho
9,500
Full timeemployees
2003 2003
$511M
Payroll
10,900
Full timeemployees
2006 2006
Payroll
$733M
1/5/2007 16
2005 Micron Technology, Inc. All rights reserved.
Annual Idaho Taxes Paid by Micron Employees
$44.9
$25.7
$14.3
$4.9$1.1
Property tax
PersonalIncome tax
Sales tax
Fuel tax
Other taxes
$ m
illio
n
2005
$90.9 milliontotal tax dollars
1/5/2007 17
2005 Micron Technology, Inc. All rights reserved.
Total Idaho Taxes Paid by Micron
$56.5 million> $13.0 million in property taxes
1/5/2007 18
2005 Micron Technology, Inc. All rights reserved.
Combined Revenue Impact of Micron and Micron Employees
Tax Revenues to Local Government and Schools $95.6M
Cost of Providing Local Government and Schools $53.7M
Net Benefit to Local Government and Schools $41.9M
2005 Micron Technology, Inc. All rights reserved.