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Bloomberg

Micron Slides After Memory-Chip Maker Delivers Weak Forecast

(Bloomberg) — Micron Technology Inc., the largest U.S. maker of memory chips, plunged in late trading after giving a lackluster forecast, a sign that booming demand for its computer and phone semiconductors may be waning.Sales will be about $7.65 billion in the period ending in November, Micron said Tuesday in a statement. That compares with an average analyst estimate of $8.57 billion, according to data compiled by Bloomberg. Excluding certain items, profit will be $2 to $2.10 a share, compare