Micron
Tech stocks were modestly higher in late trading Tuesday after the memory chip company financial results announced for the second fiscal quarter ended March 2 was in line with expectations, as weakness in the PC and smartphone markets continued to weigh on the company’s results. Micron also said that as part of its cost-cutting program, it will cut about 15 percent of its staff – up from its previous plan to cut 10 percent.
But there are some promising signs for the memory chip maker.
