Micron Technology held a financial conference call to discuss its first quarter of fiscal year 2009 results. The company reported a net loss of $706 million compared to a net loss of $344 million in the previous quarter. Both DRAM and NAND ASPs declined significantly from the previous quarter, while costs also decreased but not as much as prices. Operating expenses remained flat from the previous quarter. Looking ahead, Micron expects memory content in PCs and mobile devices to continue increasing, which will help drive demand despite lower prices. The company is also focusing on technology innovations and partnerships to improve its competitive position.

2. Micron Technology
Financial Conference Call
First Quarter of Fiscal 2009
©2008 Micron Technologies, 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 are not to scale. Micron and
the Micron logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
December 2008 ©2008 Micron Technology, Inc. | 2

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.
December 2008 ©2008 Micron Technology, Inc. | 3

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

5. Financial Summary
Dollars in millions, except per share Q1 – 2009 % of Sales Q4 - 2008 % of Sales
Net sales $1,402 100% $1,449 100%
Gross margin* (449) -32% (65) -4%
Operating (loss) (672) -48% (338) -23%
Income tax (provisions) (13) (2)
Non-controlling interest in net 13 11
(income) loss
Restructuring credits (charges) 66 (4)
Net (loss) ($706) -50% ($344) -24%
Diluted (loss) per share ($0.91) ($0.45)
Shares in diluted EPS calc 773.3 772.9
*Including NRV
December 2008 ©2008 Micron Technology, Inc. | 5

6. Micron DRAM ASP & Cost Trends
ASP COGS
Change
Q4-08 / Q1-09
ASP/Gb (-34%)
COGS/Gb (-12%)
Q3-07 Q4-07 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09
Note: COGS/Gb excludes NRV and other adjustments
December 2008 ©2008 Micron Technology, Inc. | 6

7. Micron NAND ASP & Cost Trends
ASP COGS
Change
Q4-08 / Q1-09
ASP/GB (-24%)
COGS/GB (-14%)
Q3-07 Q4-07 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09
Note: COGS/GB excludes NRV and other adjustments
December 2008 ©2008 Micron Technology, Inc. | 7

8. Operating Expenses
(Millions of US$)
$195
$184 $180 $178
$170 R&D
$167
$163
$143
$134
SG&A
$116
$120
$112 $107 $102
FQ3-07 FQ4-07 FQ1-08 FQ2-08 FQ3-08 FQ4-08 FQ1-09
December 2008 ©2008 Micron Technology, Inc. | 8

9. Cash Flow From Operations
(Millions of US$)
Micron Market
$400
$359
$276 $282
$300
$243
$217
$200
$100
$101
$0
-$41
-$100
-$88
-$144
-$200
FQ 1Q08 FQ 2Q08 FQ 3Q08 FQ 4Q08 FQ 1Q09
* All competitor data based on closest calendar quarter, Micron data based on fiscal quarters Market: Elpida, Hynix, Qimonda, Nanya, Powerchip, ProMOS, Winbond
** Qimonda based on Cowen estimates Represented by a simple average of competitors’
respective operating cash flows
Source: Company Data, Finance Strategy Group
December 2008 ©2008 Micron Technology, Inc. | 9

10. 2009F Capital Expenditures
41% 36% Micron
IM Flash
23% TECH
$650 – 750 million
December 2008 ©2008 Micron Technology, Inc. | 10

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

13. Memory Pricing
DRAM & NAND Spot Market ASPs 3-Month Decline
1 Gb 128Mx8 667MHz DDR2 NAND 1GB 1024Mx8 (MLC)
0%
-10%
-20%
-30%
-40%
-50%
-60%
-70%
Sep-08 Oct-08 Nov-08
Source: DRAM eXchange
December 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
December 2008 ©2008 Micron Technology, Inc. | 14

15. Micron’s Module Density Transition
DDR2
100%
4GB 8GB
4GB
4GB
90%
4GB
80%
4GB
2GB
70%
2GB
2GB
60%
2GB 2GB
50%
1GB
40%
1GB 512MB
30%
1GB
20%
1GB
1GB 256MB
10%
0%
Q2 (FY 2008) Q3 (FY 2008) Q4 (FY 2008) Q1 (FY 2009)
December 2008 ©2008 Micron Technology, Inc. | 15

16. Server Memory and Unit Growth
Weighted Average MBs per System Server Forecast in Millions of Units
60,000 12
Weighted Average MBs per System
Server Forecast in Millions of Units
50,000 10
40,000 8
30,000 6
32%
YoY Growth
2008-2009
20,000 4
10,000 2
0 0
2006 2007 2008 2009 2010 2011 2012
Source: IDC
December 2008 ©2008 Micron Technology, Inc. | 16

17. Handset Memory Content
2000 1,916
DRAM Embedded NAND Flash Cards
1500
Average MB per System
1,110 1,106
NAND* Flash Cards
DRAM
123% 117%
43%
1000
YoY Growth YoY Growth YoY Growth
2008-2009 2008-2009 2008-2009
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
December 2008 ©2008 Micron Technology, Inc. | 17

18. 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
Sources: iSuppli, Gartner, Micron Market Research
December 2008 ©2008 Micron Technology, Inc. | 18

19. Product Technology Innovation
68nm
1Gb DRAM
Log Cell Size
50nm
1Gb DRAM
34nm
32Gb NAND
Today
DRAM NAND
December 2008 ©2008 Micron Technology, Inc. | 19

20. Channels & Alliances
Examples
Retail
OEM
Channel
Distribution
Partner
Alliances
E-Commerce
December 2008 ©2008 Micron Technology, Inc. | 20

21. Lexar and Crucial Products
Cards for Photography Mobile Cards Gaming Cards
Good Cards Better Cards Best Cards Mobile Cards Gaming Cards
Solid State Drives USB Flash Drives
DRAM Modules
December 2008 ©2008 Micron Technology, Inc. | 21