{"id":4610,"date":"2012-02-06T15:44:59","date_gmt":"2012-02-06T22:44:59","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=4610"},"modified":"2012-02-06T15:44:59","modified_gmt":"2012-02-06T22:44:59","slug":"micron-shares-dip-in-the-wake-of-appletons-death","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2012\/02\/06\/micron-shares-dip-in-the-wake-of-appletons-death\/","title":{"rendered":"Micron Shares Dip in the Wake of Appleton’s Death"},"content":{"rendered":"
\"\"<\/a>

Micron Technology, Inc.<\/p>

<\/p><\/div>\n

Micron shares fell nearly 3 percent today<\/a>, closing the day at $7.73.\u00a0 That’s following the news<\/a> of CEO Steve Appleton’s death in a small plane crash at the Boise airport on Friday.\u00a0 Micron named its president and chief operating officer, Mark Durcan, to the CEO position on Saturday.<\/p>\n

Analysis of Micron’s position<\/a> in the wake of Appleton’s death predicts the company may face some “short-term weakness” but that the long-term outlook for the company is strong.<\/p>\n

A piece<\/a> in The Wall Street Journal<\/em> today indicates that Appleton’s passing may slow consolidation in the memory chip industry.\u00a0 The piece observes that “Micron is the last remaining U.S. competitor in an industry that American companies once dominated,” and describes Appleton’s influence this way:<\/p>\n

\n

Appleton “simply cannot be replaced in terms of his vision,” Raymond James analyst Hans Mosesmann said. But “investors can be comforted by the fact that a large part of Appleton’s vision was in its final phases.” — The Wall Street Journal<\/em><\/p>\n<\/blockquote>\n

More StateImpact<\/em> coverage about Micron and Steve Appleton is available here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Micron shares fell nearly 3 percent today, closing the day at $7.73.\u00a0 That’s following the news of CEO Steve Appleton’s death in a small plane crash at the Boise airport on Friday.\u00a0 Micron named its president and chief operating officer, Mark Durcan, to the CEO position on Saturday. Analysis of Micron’s position in the wake […]<\/p>\n","protected":false},"author":46,"featured_media":4633,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[135,46],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/4610"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/comments?post=4610"}],"version-history":[{"count":0,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/4610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/4633"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=4610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=4610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=4610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}