Micron Technology, Inc. at Bank of America Merrill Lynch Global Technology Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Simon Woo - BofA Merrill Lynch - Analyst : Great, more questions? Well, if all the global memory products and capacity remains very tight without any new fabs but meanwhile smartphones still growing very rapidly, how will it come in the market and assets still forthcoming. So let's assume either flattish chip pricing momentum over the next maybe one or two years or maybe it can go up. Do you expect maybe a products memory content decrease or is that trend possible?

Question: Simon Woo - BofA Merrill Lynch - Analyst : Clear point. Any questions from the audience? Maybe I raise a few more questions -- oh yes, go ahead. Unidentified Audience Member Could you give a schedule of when you might expect to be transitioning to 3D NAND or making investments in that? A lot of the competitors have been talking vocally about it so I would like to hear your views.

Question: Simon Woo - BofA Merrill Lynch - Analyst : Maybe that reminds me, how about your TRSD strategy, (inaudible) conventional MLC. So my first question is when are you going to promote the TRSD based SSD product?

Question: Simon Woo - BofA Merrill Lynch - Analyst : Maybe we have two minutes left. Don't miss this great opportunity to talk right to Kipp.

Question: Simon Woo - BofA Merrill Lynch - Analyst : Well, maybe my last question is Elpida always sounds more they're an acquisition, transaction driven company rather than helping your inhouse capacity. Even the opportunity out there today is regionally constructed by two (inaudible), right?

Question: Simon Woo - BofA Merrill Lynch - Analyst : So what could be that your long-term strategies in an M&A deal with a continuously strategic core important or maybe it's time to have your own production facilities, focusing on the maybe back end of some system integration areas.

Question: Simon Woo - BofA Merrill Lynch - Analyst : Wow, great record and great story and hopefully you can a better job with Elpida there. Yes, thank you. Thank you very much.