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Micron puts off posting its earnings

NAMPA, Idaho — Micron Electronics has delayed issuing earnings results that will show whether the PC maker has been able to weather the difficult hardware market.

In an announcement on Tuesday, the Nampa-based company said it would put off its earnings call until Friday morning. Micron had originally scheduled the announcement for Wednesday.

Company officials would not say why they chose to put off the call.

The delay comes at the same time as widespread speculation about the future of the company, including possible layoffs or a sale of the Nampa manufacturing plant.

Recent rumors both inside and outside the company have centered on a possible sale of all or part of the company to Korean-based Samsung Electronics. But on Tuesday, Samsung spokesman Geoffrey Hughes denied that any such sale is in the works.

Samsung competes directly with Micron Electronics parent company, Micron Technology of Boise, in the computer memory market.

Hughes said if Samsung was considering purchasing the PC company, there would have been notice from the company's headquarters in Seoul, Korea.

Barbara Gibson, Micron vice president of public relations, said Tuesday the company could not comment on speculation or rumors. She would not say if any announcements other than financial are planned during Friday's earnings report.

When Micron does announce its earnings, analysts predict the company will only make 2 cents a share for the quarter and 19 cents a share for the year, down from 6 cents for the second-quarter 2000 and 43 cents a share for the year.