Micron Technology, Inc. (NasdaqGS: MU ) ( www.micron.com ) together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR2 and DDR3; and other specialty DRAM memory products, including DDR, SDRAM, DDR and DDR2 mobile low power DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. In addition, it provides NOR flash memory products that are electrically re-writeable and non-volatile semiconductor memory devices; phase change memory products; and image sensor products. Micron Technology’s products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still cameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as through a Web-based customer direct sales channel. The company was founded in 1978 and is headquartered in Boise, Idaho.
As of February 24, 2011, it had a 52 week stock price range of $6.36 - 11.95. As of September 02, 2010, it had net income of $1,850,000,000 and $1,648,000,000 and net tangible assets of $7,697,000,000. (Source: Yahoo! Finance)
Compliance with applicable environmental regulations is considered a minimum standard. Micron implements additional programs where appropriate to provide greater environmental protection. In developing environmental programs that go beyond legal compliance, Micron continually demonstrates the responsibility it feels toward its local and global communities. (Source: Micron Technology website)
In August 2008, Micron joined the Electronics Industry Citizenship Coalition (EICC). Micron also uses a term it calls Green Engineering which help the company comply with international environmental standards. Overall, the company is very forward looking in its approach to adopting green principles, and the company’s website contains lots of information. They have integrated recycling and other sustainable programs into their operations, and they adopt new methods and technologies as able to further their efforts.
Micron Technology is a Partial Green Business with a good outlook to become a Green Business and, ultimately, a Basic Green Business. This company is properly valued at this time. It has a good market position, good financial fundamentals, and a sound policy towards adopting green principles.
