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Micron Technology Inc. falls

October 1, 2011

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Micron, the largest US maker of memory chips, fell after it reported a fiscal fourth-quarter loss on weak PC demand. The net loss was $135 million, or 14 cents a share, compared with a profit of $342 million, or 32 cents, a year earlier, the Boise, Idaho-based company said. Revenue fell 14 percent to $2.14 billion. Analysts estimated an average profit of 2 cents on sales of $2.11 billion.