micron technollogy 2004_8_k_doj_statement


Published on

Published in: Economy & Finance, Business
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

micron technollogy 2004_8_k_doj_statement

  1. 1. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 November 12, 2004 Date of Report (date of earliest event reported) MICRON TECHNOLOGY, INC. (Exact name of registrant as specified in its charter) Delaware 001-10658 75-1618004 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 8000 South Federal Way Boise, Idaho 83716-9632 (Address of principal executive offices) (Zip Code) (208) 368-4000 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
  2. 2. Item 8.01 Other Events. On November 11, 2004, Micron Technology, Inc. issued a press release with the following title: “Micron Technology, Inc., Responds to Recent Article.” The full text of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K. Item 9.01 Financial Statements and Exhibits. (c) Exhibits. Exhibit No. Description 99.1 Press Release issued on November 11, 2004, titled “Micron Technology, Inc., Responds to Recent Article.”
  3. 3. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MICRON TECHNOLOGY, INC. Date: November 12, 2004 By: /s/ W. G. Stover, Jr. Name: W. G. Stover, Jr. Title: Vice President of Finance and Chief Financial Officer
  4. 4. INDEX TO EXHIBITS FILED WITH THE CURRENT REPORT ON FORM 8-K DATED NOVEMBER 12, 2004 Exhibit Description 99.1 Press Release issued on November 11, 2004, titled “Micron Technology, Inc., Responds to Recent Article.”
  5. 5. EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contact: David T. Parker Micron Technology (208) 368-4400 dtparker@micron.com www.micron.com MICRON TECHNOLOGY, INC., RESPONDS TO RECENT ARTICLE Boise, Idaho, November 11, 2004 -- Micron Technology, Inc., today clarified and corrected a recent story about the company that appeared in the November 3, 2004, issue of Electronics Weekly regarding the pending U.S. Department of Justice (DOJ) investigation into pricing in the DRAM industry. Since the beginning of the investigation, Micron has indicated it is cooperating fully and actively with the DOJ. Micron’s cooperation is pursuant to the terms of the DOJ's Corporate Leniency Policy, which provides that in exchange for Micron's full, continuing and complete cooperation in the pending investigation, Micron will not be subject to prosecution, fines, or other penalties. Micron's Chairman, Chief Executive Officer and President Steve Appleton stated, “Today's business environment demands broad company awareness and adherence to the principles of good corporate governance and legal compliance. It also requires cooperation with government agencies in investigations of possible wrongdoing.” Appleton continued, “Although a recent Electronics Weekly article suggested that I believe it is not possible to control prices in this industry and that the DOJ’s investigation is theoretical, neither is the case. The DOJ’s investigation revealed evidence of price fixing by Micron employees and its competitors on DRAM sold to certain computer and server manufacturers. Nevertheless, if Micron fully complies with the Corporate Leniency Policy, Micron will not be subject to criminal sanctions or fines, notwithstanding Micron’s involvement in the misconduct.” Appleton stated further, “Micron deplores any effort to fix or stabilize prices and is committed to rectifying past behavior and ensuring any misconduct will not recur. Micron is dedicated to strong governance practices and comprehensive compliance programs. These efforts include global programs to ensure our employees understand how to interact appropriately with competitors, suppliers and customers. Our belief in these principles guides the company's long-standing commitment to strong governance practices and our implementation of up-to-date, comprehensive compliance programs. Micron continues to cooperate fully and actively with the DOJ in its investigation.” Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAM, Flash memory, CMOS image sensors, other semiconductor
  6. 6. components and memory modules for use in leading-edge computing, consumer, networking, and mobile products. Micron's common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit its Web site at www.micron.com. ###