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Jan 7 (Reuters) – Memory chip maker Micron Technology Inc
posted a first-quarter net profit, compared with a loss a
year earlier, helped by a strong recovery in chip prices.
The company reported a net profit of $358 million, or 30
cents per share, in the quarter ended Nov. 28, compared with a
loss of $275 million, or 27 cents, a year earlier.
Revenue rose 120 percent to $4.04 billion.
