Falling memory prices have taken their toll at US-based memory chip maker Micron, which posted disappointing results for the period ended 27 November: profit was down 53 per cent on last year to $9.6 million, on $955 million turnover, up 31 per cent. Memory prices dropped 25 per cent during the same period. Micron officials pointed the finger of blame at Far Eastern manufacturers who, they said, have created a memory glut through over-production and dumping.
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