The document summarizes Micron Technology's fourth quarter fiscal 2008 financial conference call. It discusses Micron's financial results for Q4 and fiscal year 2008, reporting a net loss. It also provides forecasts and overviews of trends in the memory market, including rising demand from PCs, mobile devices, and other consumer electronics. Additionally, it covers Micron's technology transitions, capital expenditures, and opportunities in solid state drives.

2. Micron Technology
Financial Conference Call
Fourth Quarter of Fiscal 2008
© 2008 Micron Technology, Inc. All rights reserved. Products are warranted only to meet Micron’s production data sheet specifications. Information, products, and/or specifications
are subject to change without notice. All information is provided on an “AS IS” basis without warranties of any kind. Dates are estimates only. Drawings not to scale. Micron and
the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
© 2008 Micron Technology, Inc. |
October 2008 2
MICRON CONFIDENTIAL

3. Safe Harbor
During the course of this meeting, we may make projections or other forward-
looking statements regarding future events of the future financial performance of
the Company and the industry. We wish to caution you that such statements are
predictions and that actual events or results may differ materially. We refer you to
the documents the Company files on a consolidated basis from time to time with
Securities and Exchange Commission, specifically the Company’s most recent Form
10-K and Form 10-Q. These documents contain and identify important factors that
could cause the actual results for the Company on a consolidated basis to differ
materially from those contained in our projections or forward-looking statements.
These certain factors can be found at http://www.micron.com/certainfactors.
Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. We are under no duty to update any of the forward-
looking statements after the date of the presentation to conform these statements
to actual results.
© 2008 Micron Technology, Inc. |
October 2008 3

4. Ron Foster
CFO and VP of Finance
October 2008 © 2008 Micron Technology, Inc. | 4

5. Financial Summary
Q4 -2008 Q3 -2008
Dollars in millions, except per share
Net Sales $1,449 $1,498
Gross margin (65) 48
Operating (loss) (338) (225)
Income tax (provision) (2) (13)
Non-controlling interests in net (income) loss 11 8
Net (loss) ($344) ($236)
Diluted (loss) per share ($0. 45) ($0.30)
Shares in diluted EPS calc 772.9 772.8
October 2008 © 2008 Micron Technology, Inc. | 5

6. Financial Summary
2008 2007
Dollars in millions, except per share
Net Sales $5,841 $5,688
Gross margin (55) 1,078
Operating (loss) (1,595) (280)
Income tax (provision) (18) (30)
Non-controlling interests in net (income) loss 10 (122)
Net (loss) (1,619) (320)
Diluted (loss) per share ($2.10) ($0.42)
Shares in diluted EPS calc 772.5 769.1
October 2008 © 2008 Micron Technology, Inc. | 6

7. Operating Expenses
Dollars in millions
October 2008 © 2008 Micron Technology, Inc. | 7

8. Capital Expenditures
Dollars in millions
$4,090
$2,916
October 2008 © 2008 Micron Technology, Inc. | 8

9. 2008 Capital Expenditures
Dollars in millions
Micron IMFS
TECH IMFT
$2,916
October 2008 © 2008 Micron Technology, Inc. | 9

10. 2009F Capital Expenditures
Micron IMFlash
TECH
$1.0 – 1.3 billion
October 2008 © 2008 Micron Technology, Inc. | 10

12. Mark Adams
VP of Worldwide Sales
October 2008 © 2008 Micron Technology, Inc. | 12

13. Memory Pricing
NAND & DRAM Average (Trade) ASPs
1 Gb 128Mx8 667MHz DDR2
NAND 8Gb 1024Mx8 (MLC)
$3.75
$3.25
$2.75
$2.25
$1.75
$1.25
January '08
March '08
August '08
February '08
July '08
December '07
September '08
May '08
April '08
June '08
Source: DRAM eXchange
October 2008 © 2008 Micron Technology, Inc. | 13

14. PC Unit Shipments vs. PC Memory Content
Notebook Units Desktop Units Desktop MB/System Notebook MB/System
100 3000
80 2400
Desktop, Notebook Units in Millions
Average MB per System
60 1800
40 1200
Growth Growth Growth
’06 – ’07 ’07 – ’08 ’08 – ’09
20 600
56% 56% 33%
2004 2005 2006 2007 2008 2009
2004 2005 2006 2007 2008 2009
Average Average Average Average Average Average
Average Average Average Average Average Average
409 MB 555 MB 772 MB 1207 MB
1207 MB 1856 MB
1882 MB 2451 MB
413 MB 555 MB 772 MB 2499 MB
0 0
1Q-04
2Q-04
3Q-04
4Q-04
1Q-05
2Q-05
3Q-05
4Q-05
1Q-06
2Q-06
3Q-06
4Q-06
1Q-07
2Q-07
3Q-07
4Q-07
1Q-08
2Q-08
3Q-08
4Q-08
1Q-09
2Q-09
3Q-09
4Q-09
All data is in calendar quarters
Q2-08 – Q4-09 Forecast
Source: iSuppli
October 2008 © 2008 Micron Technology, Inc. | 14

15. Micron’s Module Density Transition
DDR2
100%
4GB 4GB 8GB DDR2 Module
4GB 4GB
2GB 4GB DDR2 Module
75%
2GB
2GB
2GB 2GB DDR2 Module
50%
1GB DDR2 Module
1GB
1GB
25%
1GB 512MB DDR2 Module
1GB
256MB DDR2 Module
0%
Q1 (FY 2008) Q2 (FY 2008) Q3 (FY 2008) Q4 (FY 2008)
October 2008 © 2008 Micron Technology, Inc. | 15

16. Handset Memory Content
2000 1,916
DRAM Embedded NAND Flash Cards
1500
Average MB per System
1,110 1,106
DRAM NAND* Flash Cards
53% 165% 128%
1000
YoY Growth YoY Growth YoY Growth
2007-2008 2007-2008 2007-2008
698
497
500
322
188
141
74
52
36
24
0
2007 2008 2009 2010
* Embedded Only
2008 – 2010 Forecast
Sources: Gartner, iSuppli, Micron Market Research
October 2008 © 2008 Micron Technology, Inc. | 16

17. Total NAND Market by Application
80,000
70,000
Other
60,000
Non-Mobile Flash Cards
50,000
Billions of MB
Mobile Handsets
40,000
30,000 USB Drives
20,000 MP3 Players (Flash Based)
10,000
Computing
-
2007 2008 2009 2010 2011 2012
Mobile Handsets = cards + embedded
Computing = SSD, Hybrid HDD, and PC Cache
Other = Portable gaming, Set Top Boxes, Other consumer
Source: iSuppli, Gartner, Micron Market Research
October 2008 © 2008 Micron Technology, Inc. | 17

18. Consumer Market Opportunities
2008 Forecast
Digital Still Cameras GPS
Handheld Video Gaming
Units (Millions) 42
129
Units (Millions) Units (Millions) 61
YoY Growth -1%
17%
YoY Growth YoY Growth 81%
NAND
NAND NAND
MB/system 355
375
MB/system MB/system 2,066
YoY Growth 3921%
YoY Growth 114% YoY Growth 37%
DRAM DRAM
109
MB/system MB/system 62
YoY Growth 11% YoY Growth 11%
PMP / Mp3 Players Digital Set-top Boxes Digital Video Cameras
Units (Millions) 197 Units (Millions) 21 Units (Millions) 16
YoY Growth 12% YoY Growth 106% YoY Growth 7%
NAND NAND NAND
MB/system 7,319 MB/system 383 MB/system 632
YoY Growth 70%
YoY Growth 136% YoY Growth 394%
DRAM DRAM DRAM
MB/system 44 MB/system 107 MB/system 57
YoY Growth 41% YoY Growth 13% YoY Growth 42%
Sources: Gartner, iSuppli
October 2008 © 2008 Micron Technology, Inc. | 18

19. Continued Technology Innovation
68nm
1Gb DRAM
Log Cell Size
58nm
1Gb DRAM
34nm
32Gb NAND
Today
DRAM NAND
October 2008 © 2008 Micron Technology, Inc. | 19

20. RealSSD: The Coming Revolution
2008 – 2012 Forecast
October 2008 © 2008 Micron Technology, Inc. | 20