Micron Technology (MU) Has A New CEO

Sanjay Mehrotra is settling into his new role as CEO at Micron Technology.

Mehrotra is inheriting a company on solid ground.  For example, Micron Technology reported its fiscal 2Q171 earnings on March 23.  And the company’s scorecard was impressive.  At the same time, its revenues of $4.65 billion rose 58.7% year-over-year.  Furthermore, this beat the consensus estimate of $4.64 billion.

Susquehanna analyst Mehdi Hosseini notes that Mehrotra’s NAND background would be useful to Micron.  Most noteworthy, he can allow the company to transform into an integrated player in the memory business.

However, transforming into an integrated memory player would require the company to successfully navigate competition from giants Intel and Samsung.

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