Sales will be about $3.8 billion in the December-February quarter. In the September-November quarter sales fell 47% to $4.09 billion.
Last month Micron said ir would be cutting production by 20%.
Capex will be cut from $12 billion to $7.5 billion in
The company does not expect to be profitable next fiscal year. It has stopped repurchasing its own shares, is cutting executive salaries and ending bonuses.
