Micron wraps up Elpida buy, hopes for consistent profitability

07/31/2013 | Bloomberg

Micron Technology closed its $2 billion acquisition of Elpida Memory, hoping that its greater profile in the memory chip business will lead to a more profitable future. With the Elpida operations, Micron CEO Mark Durcan said, "We have enough scale; we have enough resources." Betsy Van Hees of Wedbush Securities said, "It's not about being king of the world; it's about being profitable." She added, "You have everyone very cautious about capacity expansion plans."

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