Micron shares dropped 5 percent at the opening bell of the NASDAQ exchange this morning, while executives at the Boise-based company remain tight-lipped about reports of their desire to purchase Japanese semiconductor chip maker Elpida Memory. Reuters reported that Micron was given exclusive rights to negotiate with the bankrupt Japanese company, which listed $5 billion in liabilities. Reuters said that Micron could be in line to purchase Elpida for $2.5 billion.
Meanwhile, Micron officials are expected to surface at several high-profile events, including today's MobileFocus event in New Orleans, one of the nation's largest showcases for portable technologies. Brian Shirley, Micron vice president of DRAM solutions, is in New York City today to address the Jefferies Global TMT Conference. Shirley is expected to address "future memory trends in the DRAM industry." Wednesday, May 9, Micron VP of NAND solutions Glen Hawk will address financial analysts at the Bank of America/Merrill Lynch Global Technology Conference in San Francisco.