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Company : Business Wire 
Wednesday, June 19, 2002 10:50AM IST (5:20AM GMT)
 
(BW)(ID-MICRON-TECHNOLOGY)(MU)
Micron Technology, Inc., Confirms Industry-Wide Investigation
Boise, Idaho, United States

Micron Technology, Inc., (NYSE:MU) Tuesday confirmed that the Antitrust Division of the Department of Justice has undertaken an industry-wide investigation into alleged anticompetitive practices among DRAM manufacturers. Micron confirmed that it received a grand jury subpoena yesterday from the United States District Court for the Northern District of California seeking information relating to the investigation.

The Company informed the Antitrust Division that it will cooperate fully with the Division's investigation. "Micron does not believe it has violated U.S. antitrust laws," said Micron VP of Corporate Affairs, Kipp Bedard. "The DRAM business is highly competitive and subject to extreme volatility. Competitive forces in today's market have led to DRAM prices reaching unprecedented lows."

ABOUT MICRON TECHNOLOGY, INC.

Micron Technology, Inc., and its subsidiaries manufacture and market DRAMs, very fast SRAMs, Flash Memory, other semiconductor components and memory modules. Micron's common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit its Web site at www.micron.com.

 
 
 
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