Micron's near billion dollar turnaround
DRAM and NAND flash manufacturer Micron recorded a $204m million profit in its first fiscal 2010 quarter, contrasting vividly with a $718m loss in the year-ago quarter. Revenues were higher at $1.74bn, compared to $1.4bn in the first fiscal 2009 quarter but costs were sharply down as well. The cost of goods sold went from $1. …
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So if you want to turn around a large tech company.
1) Sell more stuff
2) Sell it at higher prices
3) Shut down old production lines
4) See if you can buy up (and shut down) competitors to limit the number of suppliers
TOP SECRET
5) Form a pricing cartel with your "competitors" to ensure long term profits. (illegal but *very* profitable)
You forgot two steps there...
Step 6. ???
Step 7. PROFIT!!
Hope that helps.
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